Dismantling a securities investment fraud ring, seizing more than 200 billion VND
The police have just dismantled a securities investment fraud ring and prosecuted 9 people involved, seizing more than 200 billion VND.
According to Thanh Hoa Provincial Police, Nhu Xuan District Police have dismantled the network.fraud and appropriation of propertyof many victims nationwide and money laundering through stock investment. The total amount of money seized is estimated at more than 200 billion VND.
Through monitoring the situation on cyberspace, the police of Nhu Xuan district discovered that the foreign exchange trading floor "Fnory.com" had signs of defrauding customers to appropriate assets, so they investigated and verified.
Based on collected documents, Nhu Xuan District Police coordinated with the professional departments of the Provincial Police and the Police of related districts, towns and cities, mobilized forces simultaneously and arrested 9 people.
Those arrested include: Le Tien Manh (born in 1995), Nguyen Thi Thuong (born in 1993), all residing in Ha Dong, Hanoi; Vu Dinh Thanh (born in 1996, residing in Thanh Tri district, Hanoi); Pham Hong Quan (born in 1996), Vuong Kim Hue (born in 1990), all residing in Tam Duong district, Vinh Phuc); Nguyen Van Hung (born in 1990), Hoang Van Cong (born in 1977), Nguyen Van Dai (born in 1980), all residing in Yen Dinh district, Thanh Hoa) and Pham Thi Thuy (born in 1987, residing in Quan Hoa district, Thanh Hoa province).
Through the investigation, up to now, the police of Nhu Xuan district have temporarily suspended transactions for 20 apartments and villas, seized 13 cars, 47 land use right certificates and transfer contracts of various types, 60 mobile phones, 10 laptops, 1 desktop computer and many other related objects and documents, worth over 200 billion VND.
According to the initial investigation results, by setting up an illegal stock exchange called Fnory.com, these people built a network of employees in a multi-level manner, using social networks like Facebook, Zalo, Telegram to advertise, invite, and entice customers to participate in investment, providing false information such as introducing it as a British exchange, legal, high-profit investment...
When customers join, they are put into closed groups. The system of employees, under the name of financial experts, will advise and call out orders to make customers trust and place buy and sell orders to buy securities, until they lose all the money they have deposited.
The money embezzled from customers was transferred to fake accounts and divided among the management ranks. Some of the money was used to buy cars and real estate.
The police of Nhu Xuan district have prosecuted and temporarily detained the above 9 people, of which 7 people were prosecuted for the crime of “Fraudulent appropriation of property” and 2 people for the crime of “Money laundering”. The unit also coordinated with professional departments and police of related districts to fight and expand the case, arresting those involved.