Prosecution of "fake" Colonel and accomplices for defrauding nearly 67,000 people

On September 25, the Supreme People's Procuracy transferred the case file of "fake" Colonel Le Xuan Giang - Chairman of the Board of Directors of the "fraudulent corporation" Lien Ket Viet and his accomplices who committed the crime of fraud and property appropriation to the People's Court of Hanoi.

Accordingly, the indictment of the Supreme People's Procuracy maintains the same viewpoint as indictment No. 28 dated January 25, 2018, prosecuting 7 defendants including: Le Xuan Giang - Chairman of the Board of Directors of Vietnam Lien Ket Production and Trade Joint Stock Company (Lien Ket Viet Company); Le Van Tu - General Director of Lien Ket Viet Company; Nguyen Thi Thuy - Deputy General Director of Lien Ket Viet Company; Le Thanh Son, Trinh Xuan Sang, Vu Thi Hong Dung and Nguyen Xuan Truong are all members of the market development team of Lien Ket Viet Company.

"Fraudulent corporation" Lien Ket Viet has defrauded nearly 67,000 people, appropriating more than 1,000 billion VND.

7 defendants were prosecuted for the crime of “Fraudulent appropriation of property”. According to the prosecution’s accusation, taking advantage of the multi-level marketing business license, many investors believed that the goods source of Lien Ket Viet Company was produced by the Military Medical Equipment Corporation (BQP Company). This ambiguity deceived customers.

During the period from March 2014 to November 2015, the defendants Giang, Tu, Thuy, Son, Sang, Dung and Truong committed fraudulent acts, creating and providing false information, creating trust for investors that Lien Ket Viet Company was a subsidiary of BQP Company; BQP Company was a company of the Ministry of National Defense.

After gaining trust in Lien Ket Viet Company and BQP Company, the number of reputable multi-level marketing goods in business activities, these 7 subjects used deceitful and illegal tricks to attract investors to invest money to participate in the multi-level marketing system of Lien Ket Viet Company to enjoy high commissions and bonuses due to the reward regimes and illegal promotional programs set up by the defendants to attract and appropriate a lot of money from the victims who paid money into Lien Ket Viet Company. Lien Ket Viet Company set out illegal regulations on multi-level marketing activities such as: Just need to deposit money into Lien Ket Viet Company without having to sell the goods to become a distributor of the company.

One person can register many product codes, take money from later participants to pay previous participants, from this money has attracted thousands of new participants into the multi-level network of Lien Ket Viet Company without the source of money from multi-level sales business activities but to reward, deduct commission with a fairly large percentage, in fact the money collected is from the victims themselves.

Portrait of "fake" Colonel Le Xuan Giang.

Along with advertising to create false trust about Lien Ket Viet Company, Giang, Tu, Son, Dung and Sang also created and implemented 15 promotional programs to stimulate demand throughout the multi-level marketing system, running in parallel with paying commissions, offering large promotions such as attracting many participants to receive gifts such as cars worth up to 1 billion VND, houses worth 1.8 billion VND, and foreign tours...

With the methods and tricks of fraud after 1 year of operation, by November 2015, Le Xuan Giang and his accomplices had expanded the network to 34 branches and representative offices in 27 provinces and cities. They lured more than 66,880 victims in 49 provinces to participate and pay Lien Ket Viet Company more than 2,091 billion VND.

The total amount of money that Lien Ket Viet Company collected from 66,880 people was more than 2,091 billion VND. Particularly for 7,346 victims, the Ministry of Public Security's Investigation Police Agency clarified that the amount was more than 658 billion VND. The amount of money appropriated from 66,880 people was more than 1,024 billion VND, the amount of money appropriated from 7,346 victims was 443 billion VND.

Therefore, the prosecution agency still forced the 7 defendants to take responsibility for the amount of money embezzled, which was 1,024 billion VND.

The indictment determined that Le Xuan Giang was the mastermind, leading and directing his accomplices to commit all the crimes. Defendant Le Xuan Giang appropriated more than 862 billion VND from the victims for personal use.

Nguyen Thi Thuy appropriated more than 38.3 billion VND. Le Van Tu appropriated 61.9 billion VND. Trinh Xuan Sang appropriated more than 17 billion VND. Le Thanh Son appropriated more than 8.5 billion VND; Nguyen Xuan Truong appropriated more than 4 billion VND and Vu Thi Hong Dung appropriated more than 4 billion VND.