Revealing the reason for the disappearance of the island's cash flow

3 days, 7 times turning the star fruit

Around October 2023, the Nghe An Provincial Police Investigation Agency received a complaint from Ms. TH, residing in Bao Thanh Commune, Yen Thanh District, accusing an officer of the People's Credit Fund of defrauding her of more than 3 billion VND. Based on the initial records, it was determined that this was a serious fraud case, and a number of investigators were sent to the locality to collect documents.

At the time of the incident, the accused was an accountant at the People's Credit Fund in the commune with 10 years of working experience. Using professional measures, after clearly identifying the main fraudster as Vo Thi Tuyet (born in 1990), residing in Bao Thanh commune, Yen Thanh district, the investigators coordinated and persuaded. On October 21, 2023, Vo Thi Tuyet went to the Police Investigation Agency to confess her crime.

It is known that Ms. TH and Vo Thi Tuyet are distant relatives on her mother's side, so they are quite close to each other. As soon as she learned that Ms. TH had just sold land and had a large sum of cash, and wanted to save it at the Commune People's Credit Fund, Tuyet came up with the idea of ​​borrowing money with the purpose of "reversing the deed" and promised to pay it back in a short time. Tuyet "made up" the reason for needing to renew the loan for 4 customers with 7 different loans. But in reality, Tuyet only reversed the deed 7 times with the loan in Tuyet's mother's name.

Ms. Nguyen Thi B. (Tuyet's biological mother) mortgaged two savings books to borrow money from the People's Credit Fund of Bao Thanh commune. Although these credit contracts had not yet reached the maturity date, Ms. B. had no need to reverse the contract, but Tuyet provided false information to trick Ms. TH into lending her money.

Specifically, on August 28, 2023, after verbally agreeing with Ms. TH about borrowing money, Tuyet sent a QR code with the name of Bao Thanh People's Credit Fund and the contract codes, making Ms. TH completely trust her and send money. Thereby, the victim transferred money twice with a total amount of 1.2 billion VND under the content "transfer money to pay the contract".

As soon as she received the money, Vo Thi Tuyet completed the procedures to settle her mother's two credit contracts and instructed Ms. Nguyen Thi B. to sign two new contracts with the exact amount that Ms. TH had transferred. After completing the procedures, the above amount was disbursed in cash, but Tuyet did not send it to Ms. TH but kept it for personal use. Tuyet lied to Ms. TH that the bank disbursed the money late, so she promised to return it 4 days after completing the deed.

Seeing the delicious bait, Tuyet continued to think of many other reasons to borrow money from Ms. TH. From August 28, 2023 to August 30, 2023, Tuyet made Ms. TH trust her and transfer money 7 times to carry out the contract reversal as Tuyet said with a total loss of more than 3.7 billion VND.

Not stopping there, on August 31, 2023, Vo Thi Tuyet borrowed 300 million VND from Ms. TH in her personal name with the reason of transferring the deed to Tuyet's parents-in-law. After many times past the deadline, but Tuyet still did not send the money, on September 15, 2023, Ms. TH forced Tuyet to write a debt settlement paper showing that Tuyet owed her more than 4 billion VND. And up to the time of trial, Ms. TH only received more than 34 million VND.

From victim to perpetrator

Vo Thi Tuyet's trial took place at the end of March 2024. From early morning, Mr. XT and Mrs. Nguyen Thi B. (Tuyet's parents) sat in the courtroom waiting for the trial. As soon as she saw her parents, Tuyet burst into tears, her two hands continuously raised to wipe away her tears. Mr. XT sat two rows away from her daughter, only had time to remind her to remember to reform well. Up until the time of the trial, he still did not understand why Tuyet did that.

“She (Tuyet) had a stable job and a happy family life, but I don’t understand why she would cheat like that. We really want to compensate Ms. TH, but her grandparents are old and have an unstable income, and now they have to take care of two grandchildren, so we don’t know what to do to compensate the victim’s family,” Mr. XT shared.

Right at the trial, Ms. Tuyet confessed all her crimes. Tuyet confessed that due to her participationonline shoppingon the Fastshop app on the phone was losing money so thought of a way to make money to make up for that investment.

It is known that, before that, in early August 2023, Vo Thi Tuyet started participating in online sales through an application called Fastshop installed on her phone. Through that application, Tuyet performed tasks according to instructions, before participating, she would pay an initial fee to join the group. After many times of transferring money, doing tasks and being paid interest immediately, Tuyet trusted and continued to participate. However, to get back the original amount, victims like Tuyet were asked to continue transferring larger amounts of money. And when the victims discovered they had been scammed, the money had all "disappeared".

Of the nearly 4 billion VND that Tuyet appropriated from Ms. TH, in addition to spending and paying off personal debts, Tuyet transferred about 2.9 billion VND to the Fastshop app. As soon as Tuyet was detained, investigators accessed the app but it was no longer active. The investigation agency conducted investigation measures and found that the money Tuyet transferred to the account on the app had been transferred continuously through many accounts and to many places, so the source of the money could not be determined for collection.

At the trial, the Trial Panel also clarified Ms. Nguyen Thi B.’s actions in signing many credit contracts to reverse the deed for Tuyet within 4 days. However, because Ms. B. did not know that Tuyet had reversed the deed to get the fraudulent money and Ms. B. did not benefit at all, there was no basis for prosecution.

Regarding the amount of more than 34 million VND that Tuyet transferred to Ms. TH, Tuyet declared that it was the interest of more than 3.7 billion VND from the contract reversal with an interest rate of 3 thousand/1 million/1 day. However, there was no document between the two parties to show any evidence, so Ms. TH was not prosecuted for this act.

The prosecutor who exercised the right to prosecute at court maintained the same viewpoint as the indictment and proposed to sentence the defendant Vo Thi Tuyet to 16-17 years in prison for the crime of "Fraudulent appropriation of property".

Considering the case as a whole, the Trial Panel concluded: The defendant's actions were very dangerous, causing serious impacts on the victim's family as well as disrupting social order and security. Considering the aggravating and mitigating circumstances, the Trial Panel decided to sentence the defendant Vo Thi Tuyet to 15 years in prison for "Fraudulent appropriation of property" and ordered her to compensate the victim with the amount of money prescribed by law.