Multi-level gambling line worth 2,000 billion VND
Nguyen Tuan Anh, 32 years old, operated a gambling line on the Vitsa floor in the form of a multi-level scheme to attract players, with a transaction scale of 2,000 billion VND.
On May 1, Hai Duong Provincial Police said they had prosecuted Tuan Anh and 12 others to clarify their actions.GambleandGambling organization.
According to the investigation, Tuan Anh went online to buy the code of a binary options trading platform, named Vitsa. Binary options are a form of investment in which participants will make money by predicting the trend of an asset to increase or decrease in a certain period of time, in which "binary" represents two results: 1 or 0, meaning lose or win.
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| Some suspects in the case. Photo:Hai Duong Police |
Tuan Anh then lured many accomplices to join as subordinates to operate the line. The system developed in Hai Duong, Hanoi and many other provinces to directly gamble and organize gambling. Gamblers on the Vitsa floor (vista2.trade address) through betting on wins and losses based on the up and down chart of the Bitcoin virtual currency exchange rate. The lowest bet is 1 USDT each time (1 USDT is worth 1 USD)
This system operates in a multi-level form. The "upper bridge" will receive a trading profit of 1% of the total trading amount of the direct "down bridge" account. The profit at the next level will be divided by 2, up to the final level of level 7.
To attract players, this group posts information on social networks, organizes online meetings to guide how to operate. Whoever attracts more players will directly benefit from that "prey".
Police determined that from December 29, 2021 to April 8, the total amount of betting transactions of gamblers on the Vitsa floor was nearly 2,000 billion VND.
