9X Vietnamese tycoon leads a fraud ring in the Golden Triangle

On June 17, Dien Bien Provincial Police said that they had just coordinated with Lao Police forces to successfully destroyhigh tech scamtransnational corporation operating in the heart of the Golden Triangle Special Economic Zone.

Hoang Van Trung (31 years old, residing in Quang Hoa, Cao Bang province) is the ringleader of the ring that was just arrested along with 73 other people.

Previously, from an unusual information on the internet in February, Dien Bien Provincial Police discovered traces of a fraud organization operating in the Golden Triangle Economic Zone (Laos).

During the verification process, this line was led by Hoang Van Trung, who collaborated with many foreigners to set up the virtual gold trading floor "ATFX", aiming to appropriate the assets of Vietnamese citizens.

Recognizing that this is a transnational crime, tightly organized, with sophisticated methods and operated from outside the territory, in early June, Dien Bien Provincial Police established Project 625T, directly directed by the Provincial Police Director.

The group's area of ​​operation is deep in the rugged mountainous area of ​​the Golden Triangle, which is considered a hot spot for security. The investigation process encountered many difficulties due to the terrain, language, and local laws...

In addition, Hoang Van Trung and his accomplices used high technology to operate, concealed their whereabouts, continuously changed their hiding places, moved across borders and used encrypted applications for internal communication.

In June, when the authorities of the neighboring country launched a raid in the border area, the criminal group immediately withdrew deep into the center of the Golden Triangle area, hid all electronic devices and planned to escape to Cambodia in many directions to avoid detection by the police.

By early July, intelligence sources reported that the ringleaders were preparing to split their forces and withdraw from the special zone. Faced with the urgent situation, the Task Force decided to crack the case earlier than expected, launching multiple simultaneous attacks.

Nearly 200 officers and soldiers of Dien Bien Provincial Police, in coordination with professional units of the Ministry of Public Security and Lao Police, simultaneously deployed many reconnaissance teams.

On July 5, at the center of the Golden Triangle economic zone, two reconnaissance teams consisting of 58 officers and soldiers from the Vietnamese and Lao police inspected and searched two suspicious locations.

Here, the police arrested 45 suspects, including Hoang Van Trung, who was hiding in a bar.

At the same time, at Vientiane Capital Airport, another task force arrested 14 people while they were checking in for a flight to Cambodia. At Tay Trang International Border Gate, another 15 people were arrested while they were on their way from Laos to Vietnam to try to cross the border.

In less than 24 hours, 74 subjects (59 Vietnamese, 15 Chinese) in a transnational fraud ring were arrested at three hotspots: the Golden Triangle, Vientiane and Tay Trang.

In the early morning of July 9, all 59 Vietnamese subjects and the evidence were escorted through Tay Trang International Border Gate and taken to the headquarters of Dien Bien Provincial Police.

By 8:00 p.m. the same day, the Investigation Police Agency had issued a decision to prosecute the case, prosecuting 38 defendants, including Hoang Van Trung as the mastermind, for the act of "Fraudulent appropriation of property" under Clause 4, Article 174, Penal Code, with the highest penalty being life imprisonment.