Thanh Hoa arrested 9 subjects for fraud and money laundering of more than 200 billion VND

According to information from Thanh Hoa Police, through monitoring the situation on cyberspace, Nhu Xuan District Police discovered that the foreign exchange trading floor "Fnory.com" had signs of defrauding customers to appropriate assets.

Nhu Xuan District Police reported to the Chief of the Investigation Police Department of Thanh Hoa Provincial Police to set up a special project to fight.

By setting up an illegal stock exchange called Fnory.com, the subjects built a network of employees in a multi-level manner, using social networks such as Facebook, Zalo, Telegram to advertise, invite, and entice customers to participate in investing. The subjects provided false information such as introducing the exchange as a British, legal, high-profit investment...

When customers join, they are put into closed groups, and a system of employees pretending to be financial experts will advise and call out orders so that customers trust them and place buy and sell orders until they lose all the money they have deposited to buy securities.

The money they embezzled from customers was transferred to virtual accounts and divided according to management levels. Some of the money was used to buy cars and real estate.

During the investigation, the police of Nhu Xuan district have temporarily suspended transactions for 20 apartments and villas, and confiscated 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.

Nhu Xuan District Police have prosecuted and temporarily detained 9 subjects, including 7 subjects for the crime of "fraudulent appropriation of property" and 2 subjects for the crime of "money laundering".

Authorities are expanding the case and hunting for other related subjects.