The individuals involved in this case: Phuong, Tuan Anh, and Hoa. (Source: Ministry of Public Security)
The investigation revealed that, since late 2022, Pham Van Nghia (45 years old) and Nguyen Phu Yen (40 years old), both from Ben Cau district, Tay Ninh province, colluded with Vietnamese and foreign individuals in Cambodia to engage in the purchase of bank accounts for providing to overseas fraud and asset appropriation groups.
Yen and Nghia bought hundreds of bank accounts from locals in Ben Cau district and handed them over to fraud and money laundering groups in Cambodia, profiting billions of Dong and directly aiding the criminal activities of these groups.
The fraud groups in Cambodia, after appropriating money from victims, employed Vietnamese laborers to quickly transfer the money through multiple bank accounts and then purchase cryptocurrency to cover their tracks. Among those involved were Ngoc Tuan Anh (27 years old) and Vuong Thi Thanh Hoa (35 years old), both from Phu Tho province, who connected with a domestic cryptocurrency (USDT) trading group led by Ngo Xuan Phuong (28 years old) based in Hanoi.
From November 2023 to May 2024, the total illegal transactions in USDT conducted by Phuong’s group amounted to over 1.1 billion USDT, equivalent to over 25 trillion Dong.
During the investigation, the Tay Ninh Provincial Public Security’s Security Investigation Agency seized 04 cars, 02 motorcycles, 02 laptops, 14 desktop computers, 17 mobile phones, 23 bank cards, over 400,000,000 VND, and thousands of documents related to the activities of the subjects.
Criminal charges have been brought against Pham Van Nghia, Nguyen Phu Yen, Ngoc Tuan Anh, Vuong Thi Thanh Hoa, and Ngo Xuan Phuong for illegal purchase, exchange, and collection of information related to bank accounts, fraud, asset appropriation, and money laundering.
