'Monster woman' swindled capital to trade agricultural products and then appropriated more than 7.7 billion VND
(Baonghean.vn) - Due to a loss in foreign exchange investment, Phan Thi Hoa took advantage of the trust of many people, tricking them into contributing capital to trade agricultural products for high profits. With this trick, Hoa appropriated more than 7.7 billion VND from 6 victims.
On February 27, the People's Court of Nghe An province opened the first-instance criminal trial of defendant Phan Thi Hoa (born in 1986), from Yen Thanh, Nghe An; permanent residence in Tua Chua town, Dien Bien.
According to the content of the case, due to forex investment leading to losses, in order to have money to complete the new order and wanting to withdraw the money paid for the old order, Phan Thi Hoa had the idea offraud and appropriation of property
Using deceitful tricks, Hoa told the victims that he traded agricultural products in large quantities and sold them to many customers across the country, including exporting them abroad.
To create trust, Hoa promised to pay the victims with high profits, allowing them to flexibly withdraw capital and profits when needed. In addition, Hoa also "tricked" by posting agricultural products on Facebook groups, falsely recording sales orders in a notebook and taking pictures to send to the victims. However, after receiving the victims' money, Hoa did not use it to trade agricultural products as promised, but used the money he had appropriated from the victims to invest in foreign exchange, for personal use, and pay a small profit to the victims.
With the above tricks, from November 2021 to March 2022, Phan Thi Hoa appropriated money from 6 victims, the most of which was Ms. Trinh Thi P. (residing in Yen Thanh district) of nearly 2.6 billion VND, the least of which was Ms. Ho Thi L. (residing in Yen Thanh district) of more than 76 million VND. The total amount of money Hoa appropriated from the victims was more than 7.7 billion VND.
At the trial, defendant Phan Thi Hoa admitted to the crime as charged in the indictment. Hoa confessed that due to losses in foreign exchange investment, she got into debt and was unable to pay, so she thought of a way to defraud and appropriate property. Taking advantage of her close relationships with siblings and friends, Hoa appropriated property from many people. The defendant was sincere, repentant, and repentant about her actions, and apologized to the victims.
Considering the case as a whole, the People's Court sentenced Phan Thi Hoa to 19 years in prison for "Fraudulent appropriation of property".
