Police warn of new scam from the program "loan without collateral, interest rate 0 VND"

On June 7, Con Cuong District Police issued a notice about a number of local victims being scammed bysophisticated tricksfrom a group of people calling themselves "bank employees".

Previously, on June 4, Con Cuong District Police received a report from a local resident about being introduced by a group of people claiming to be bank employees to an attractive loan that he was the lucky beneficiary of. Trusting the sweet words of the group of “bank employees”, the resident agreed to borrow and pay risk insurance for this loan package. However, after losing 1,815,000 VND in insurance fees, what they received in return was a pile of scrap paper and a hard card “of unknown origin”.

Documents the victim received from a group of scammers claiming to be bank employees. (Photo provided by the District Police).

Con Cuong District Police warned that this is a new scam. Currently, the authorities have discovered that many victims in the area have been scammed using this method. Therefore, the Police have issued a warning to let people know and be vigilant.

According to the police warning, the subject first impersonated a bank and sent a text message to people informing them that they were one of 15 customers who could get an interest-free loan for a period of 1 year in this promotion with a disbursement amount of up to 50 million VND. If they agreed to borrow, they should contact the bank staff again.

The victim thought it was real and contacted the phone number in the message. The subject asked for personal information to complete the disbursement procedure. At the same time, he promised that in a few days, the bank would send the contract and ATM card to the people. The customer just needed to wait, when there was a notification, go to the post office to receive the ATM card and then go to the bank to withdraw money.

When the people agreed to borrow, the subject asked the victims to buy insurance for the loan package with a fee of 1,815,000 VND with the promise that "if the customer cannot pay by the due date, the insurance company will pay on their behalf". This fee will be paid to the post office staff to collect when the customer receives the ATM card.

The cheap wallet contained a fake ATM card, which the victim received from a group of scammers posing as bank employees. (Photo provided by the District Police)

Next, the subject sent the victim a package labeled "Leather Wallet" - this was intended to trick the post office into collecting money. Inside the package was a cheap wallet containing a fake ATM card and several fake contracts. The victim called to report that he had received the ATM card and contract, then the subject impersonated the bank and texted and called to inform that the amount of 50,000,000 VND had been disbursed and asked to pay insurance to the postman. After receiving the package, the postman transferred the money and the subject received the fraudulent money at another post office.

“Because of ignorance, people spent 1,815,000 VND to buy a wallet worth 20,000 VND and some scrap paper. In reality, no bank offers loans without collateral and with 0% interest. It is just a scam,” said a representative of Con Cuong District Police.