Sophisticated tricks of fake businessmen gang to defraud partners

Binh Tan District Police, Ho Chi Minh City are temporarily detaining a gang of 5 people led by Nguyen Van Son (born 1994, residing on Ho Van Long Street, Binh Hung Hoa B Ward, Binh Tan District) to investigate and handle the act of "Fraudulent appropriation of property".

The police have identified two scams carried out by the gang. At the same time, the police suspect that Son’s gang has committed many cases and are searching for victims to expand the investigation.

The group of scammers was arrested.

In a recent case, Duc Hung Company in Phu Yen searched for goods on social networks and ordered 44.6 tons of iron and steel from Nhat Nguyen Steel Trading Company Limited (headquartered in Binh Chanh district) with a total value of more than 730 million VND.

The two parties signed a contract and scheduled delivery at Lien Minh 2 parking lot (Road No. 1, Binh Hung Hoa B Ward, Binh Tan District).

On October 1, Duc Hung Company hired two trucks to pick up the goods. The two drivers counted the quantity of goods received by counting the iron heads and reported to Duc Hung Company that they had received all the goods.

Duc Hung Company transferred the full amount to Nhat Nguyen Steel Company's account. However, because of suspicion, when the goods just arrived, they weighed them again and discovered that the total weight was only 22 tons. Duc Hung Company contacted Nhat Nguyen Steel Company again but was unsuccessful.

Duc Hung Company reported being scammed of more than 385 million VND.

Police read the arrest warrant for the group of scammers.

In addition, there was another case where Mr. Duy T. (born in 1984), residing in District 8, Ho Chi Minh City, reported being scammed by a person from Nhat Nguyen Steel Company.

From information on the internet, Mr. T. contacted the representative of Nhat Nguyen Steel Company to buy iron with a total value of 184 million VND. Mr. T. transferred 92 million VND to this company's account.

But as soon as he received the money, Nhat Nguyen Steel Company blocked all of Mr. T's communications and appropriated the money.

Based on the reports, Binh Tan District Police investigated and arrested 5 suspects. The suspects admitted to the fraud and appropriation of property in the above 2 cases.

Sophisticated fraud

The group's trick was that Son used someone else's ID card to establish Nhat Nguyen Steel Trading Company Limited (headquartered in Thoi Hoa, Vinh Loc A commune, Binh Chanh district). But in reality, this company did not operate but advertised on social networks and set up a page to sell cheap iron products.

When a customer places an order, Son uses the legal entity Nhat Nguyen Steel Company to sign an economic contract, requiring the customer to transfer money into the account. After receiving the customer's money, Son and his accomplices turn off the phone and block social networks so that the customer cannot contact them, in order to appropriate the money.

Evidence of the case.

Another trick, Son directed his accomplices to use a cutting machine to cut iron of various sizes from 10, 12, 14, 16, 18, 20, 28 into pieces of about 25-35 cm in length, then used a welding machine to weld the iron pieces into blocks stacked on top of each other, and used a red spray paint can to spray on the ends of the iron blocks... This group placed the short, welded iron blocks between the ends of bundles of iron bars of the same type.

When the customer checks the amount of iron, the subjects guide the customer to count at the location where the short iron heads are mixed and welded together. After checking the amount of iron heads, the subjects ask the customer to stand away.

While lifting the bundles of iron from their vehicle to the passenger vehicle, the subjects used their hands to shake the tightly tied ends of the iron bars to make the iron blocks fall back into the truck's cargo hold and used tarpaulins to cover the iron blocks.

Fraudsters use sophisticated methods to cheat businesses and individuals into buying large quantities of steel.

After receiving all the money from the customers, the subjects quickly left the scene and turned off their phones, blocked social networks so that the customers could not contact them, in order to appropriate the money. By these tricks, the subjects appropriated 50% or more of the amount of iron purchased.

Binh Tan District Police said this is a gang with sophisticated fraud methods and is under further investigation.