📋 Tender Overview
On August 3, the Hanoi Peoples Procuracy issued an indictment before the court requesting the trial of Pho Duc Nam (Mr Pips) and his accomplices in the forex fraud ring. In this case, Nguyen Hoa Binh (Shark Binh) was prosecuted for Money Laundering. Download Nguyen Hoa Binh (left) and Pho Duc Nam - Photo: Hanoi Peoples ProcuracyNearly 200 defendants were prosecuted. Accordingly, the Hanoi Peoples Procuracy issued an indictment prosecuting defendants Pho Duc Nam (ie Mr Pips, born in 1994, in Ho Chi Minh City) and Le Khac Ngo (Mr Hunter, born in 1990, in Hung Yen) for the crimes of Fraudulent appropriation of property and Money Laundering. Defendant Ngo Thi Theu (born in 1995, Ngos wife, in Hai Phong) was accused of committing the crime of Fraudulent appropriation of property. Defendant Nguyen Hoa Binh (born in 1980, also known as Shark Binh) was prosecuted for the crime of Money Laundering, according to Clause 3, Article 324 of the Penal Code, with a penalty range of 10 - 15 years in prison. In addition, 185 other defendants were recommended. prosecuted for the crimes of Fraudulent appropriation of property or Money laundering or Honoring or consuming property obtained by someone else who committed a crime. According to the indictment, in 2018, Pho Duc Nam met Isik Uran (born 1984, Turkish) and the two discussed and agreed on Uran to create, manage, and operate websites connected to MT4 and MT5 applications, used to trade foreign exchange and securities. international. These sites have English names similar to the names of international stock exchanges and then transfer information to Nam to direct staff to entice customers to open accounts and deposit money to invest in stocks. However, these sites are essentially pre-programmed and do not have a reciprocal feature on the world market. Customers who invest on the above website are essentially playing with the floor owner (admin). When the customer loses, the floor owner gets that money). After going to Turkiye to study, Nam returned home to rent an office and staff to initially create and directly operate the business offices and assign his accomplices to be in charge of marketing. In 2019, Nam discussed with Le Khac Ngo and Bui Trung Duc about letting Ngo and Duc expand the trading system in Vietnam on a nationwide scale, hiding in the name of a company and website operating in the fields of Tele Marketing (Marketing, product promotion via phone), Tele Sale (Consulting, sales via phone), stock brokerage consulting, forex.RELATED NEWS Prosecution of 4 business leaders causing more damage 3,150 billion VND Case of production and sale of more than 187,000 boxes of fake milk: Prosecution of 29 defendants Prosecution of the former Deputy Minister of Labor, War Invalids and Social Affairs for accepting bribes. This activity aimed to seduce and entice the victims to participate in investment, then appropriate assets. The prosecution assessed the acts of the defendants as very sophisticated in scale, organization, and implementation. The indictment determined that Nam committed the crime of fraudulent appropriation of property as the leading mastermind, responsible for all 920 cases, with a total amount of appropriation of more than 1,568 billion VND. Le Khac Ngo was accused of managing 20 business offices to seduce and entice victims to participate in investments to appropriate property. Ngo was responsible for 287 fraud cases, appropriating more than 344 billion VND... Shark Binh was accused of money laundering through Ngan Luong Company. To launder money, Pho Duc Nam agreed with the finance department under his authority to open e-wallets at payment intermediary companies, including Ngan Luong Company where defendant Nguyen Hoa Binh is Chairman of the Board of Directors. In 2020, Pho Duc Nam contacted defendant Tran Thi Thanh Tam, introducing himself as a representative. new look of the floor and want to negotiate a discounted fee. Tam reported asking for Binhs opinion and Binh assigned Tam to customer care as GKFXs forex floor. GKFXs transaction fee is still 2.5% for deposit transactions and 1% for withdrawals + 1,000 VND/1 withdrawal. In June 2020, Ngan Luong Company began receiving official dispatches from the police agency verifying Ngan Luong wallets with transactions receiving money from customers investing in Pho Duc Nams forex floor. Defendant Nguyen Thi Nam reported the above content to Mr. Nguyen Hoa Binh. The prosecution determined that, despite knowing that Pho Duc Nams forex exchanges were violating the law, because they wanted the forex exchanges Ngan Luong wallet to continue operating to benefit from transaction fees, Nguyen Hoa Binh directed Nguyen Thi Nam and Tran Thi Thanh Tam not to provide the real wallet information of the exchange but to create deposit and withdrawal data of another Ngan Luong wallet (fake wallet) to provide to the defendant. police agency in order to hide the violations. Defendant Binh also directed Tam to contact Nams Forex floor staff to inform them of the verification dispatch from the police agency, requesting the Forex floor to provide information about another wallet (not the correct wallet of the exchange) and that the withdrawal transactions of customers investing on the floor had the appropriate amount, meaning equal to or less than the amount the customer deposited into the Forex floors wallet. When completing the response letter and accompanying documents, Nam forwarded it to the Peer Review, If he agreed, Nam initialed the document and then forwarded it to the legal representative of Ngan Luong Company to sign and promulgate...According to the prosecution, from June 15, 2020 - September 23, 2022, the number of victims who transferred money to Ngan Luong wallet accounts was 232 people; with a total amount of more than 318.9 billion VND. This cash flow is circulated through many accountsBank deposits in the name of Ngan Luong Company at major banks, then deposit into forex exchanges. Therefor
