Charging an Outrageous 556% Interest Rate, Seven Individuals from Thanh Hóa Province are Prosecuted for Offering Illegal Loans in Đắk Nông Province: Luring Customers Through Facebook Ads

On July 9, 2024, the Investigative Police Agency of the Gia Nghia City Police, Dak Nong Province, made a decision to prosecute and arrest seven individuals residing in Quang Xuong District, Thanh Hoa Province, for usury in civil transactions.


**Police Arrest Seven Individuals Involved in Illegal Lending Operations in Gia Nghĩa City, Đắk Nông Province**

The individuals involved are: Bùi Sỹ Sơn (born 1996), Lê Bá Nam (born 2003), Nguyễn Ngọc Chương (born 1982), Bùi Hải Dương (born 1983), Lê Bá Thắng (born 1994), Đoàn Thế Xuân Hiếu (born 2003), and Nguyễn Ngọc Phương (born 1997). Among them, temporary detention orders have been issued for Bùi Sỹ Sơn and Lê Bá Nam.

Law enforcement officials interrogate the suspects. (Source: Ministry of Public Security)

According to the initial investigation results, in April 2024, Lê Bá Nam, Bùi Sỹ Sơn, Đoàn Thế Xuân Hiếu, Nguyễn Ngọc Phương, and Nguyễn Ngọc Chương rented a house in Gia Nghĩa City, Đắk Nông Province, to engage in lending activities with installment payments. In May 2024, Lê Bá Thắng and Bùi Hải Dương joined them.

The group created Facebook pages and linked advertisements to attract potential borrowers. When customers expressed interest in borrowing money, the suspects would visit their homes to assess and approve loans ranging from 5 million VND to 100 million VND in the form of daily installments, with interest rates ranging from 365% to 556% per annum.

During the lending process, the suspects required borrowers to hand over their personal documents and make daily installment payments through bank transfers.

From May to June 20, 2024, the group lent money to over 100 people in Gia Nghĩa City and the districts of Đắk R’lấp, Tuy Đức, Đắk Song, Đắk Mil, and Đắk Glong, with a total loan amount exceeding 2.1 billion VND. The investigation agency has interviewed 17 borrowers with a total loan amount of 845 million VND, through which the suspects earned illegal profits of 257 million VND.

On June 21, 2024, the Criminal Investigation Police of Gia Nghĩa City arrested the above-mentioned seven individuals and confiscated 180 business cards advertising installment loans, 81 receipts and commitments along with personal documents, and 14 mobile phones.

The case is under further investigation by the Criminal Investigation Police of Gia Nghĩa City.

Any victims of this case are requested to contact the Criminal Investigation Police of Gia Nghĩa City through the Criminal Police Team for coordination in handling the case.

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