Fraudulent exchange of new money from the National Printing Factory, appropriating nearly 14 billion VND

According to the indictment of the Hanoi People's Procuracy, Phuong's parents used to work at the National Money Printing Factory but have since retired. Due to debt and needing money to spend and pay personal debts, Phuong provided false information, introducing Phuong's parents and relatives as working at the National Money Printing Factory, having relationships with officials of the Money Printing Factory, being able to exchange new types of money without fees, so that the victims trusted and transferred money to Phuong.

However, after receiving the money, Phuong only used a portion to exchange for new money and pay the victims to gain their trust so they could transfer more money to Phuong, then appropriated it.

With the above tricks, from September 9, 2020 to January 2022, Phuong committed 7 cases of appropriation from the victims, appropriating a total amount of more than 13.7 billion VND.

Specifically, in 2020, through a friend, Mr. NMH (born in 1990, in Hai Ba Trung district, Hanoi) became acquainted with Hoang Nhu Phuong. Phuong introduced that he had a relative who worked at a money printing factory and could exchange new money. Because Mr. H often went to temples and needed to exchange money, when Phuong introduced him, Mr. H trusted him and asked him to exchange it.

From January 20, 2022 to January 27, 2022, Mr. H transferred a total of more than 2.1 billion VND to Phuong to exchange for new money. After receiving the money, Phuong exchanged new money for Mr. H for nearly 750 million VND, and also appropriated more than 1.4 billion VND.

Similar to the above trick, Phuong appropriated money from colleagues and high school classmates. Specifically, from 2013 to 2015, Ms. LTTH (born in 1985, in Hoang Mai, Hanoi) worked at the same company as Hoang Nhu Phuong. At the end of 2021, Phuong told Ms. H that a friend working at a money printing factory needed to meet the target of exchanging new money without paying a fee, so she asked everyone to help her exchange it.

Because she trusted Phuong, Ms. H asked her to exchange. In addition, Ms. H also introduced Mr. NVT (born in 1981, in Thuong Tin, Hanoi) and Ms. NTTNg (born in 1991, from Thanh Hoa) to ask Phuong to exchange new money. Between January 22, 2022 and January 25, 2022, Ms. H transferred more than 90 million VND to Phuong to exchange for new money. After that, Phuong exchanged new money for Ms. H with an amount of more than 20 million VND, and Phuong appropriated the remaining 73 million VND.

Phuong also invited Ms. H to invest in a new money exchange service business to earn profit. Because she thought Phuong was really running a new money exchange service business, Ms. H transferred nearly 800 million VND to Phuong. In fact, after receiving the money, Phuong did not do business as promised but used it to pay off personal debts.

During the investigation, it was determined that the amount of money Hoang Nhu Phuong had appropriated from Ms. H was more than 870 million VND. Ms. H requested Phuong to compensate for the above amount.

In addition, Phuong also defrauded and appropriated money from his classmates by inviting them to invest in a new money exchange service business to make a profit.

At the trial, defendant Phuong admitted all of his crimes as charged in the indictment.