Authorities in Nhu Xuan District, Thanh Hoa Province, have recently busted a cybercrime ring involved in computer and telecommunications fraud, electronic device-facilitated theft, and cross-border money laundering.
On August 22, 2024, the Nhu Xuan District Police announced the arrest and prosecution of four key members of the ring: Ngu
From left to right: Ngu
The case was initiated in June 2024 when a citizen reported being scammed by unknown individuals posing as bank staff. The victim was tricked into opening a credit card and subsequently lost VND 30,000,000 from their account.
Investigations by the Nhu Xuan District Police revealed a sophisticated cybercrime operation utilizing advanced technology to defraud victims. On July 10, one task force arrested Tran Hoang Minh and Hoang Trong Cuong, while another team collaborated with the Moc Bai International Border Gate Border Guard to apprehend Nguyen Phan Kien and Nguyen Lan Anh on July 26.
The syndicate was found to be a transnational group divided into multiple cells operating independently and connected only through the online space, each with distinct roles. A cell based in Cambodia rented properties, installed high-speed internet, and procured discarded bank accounts to facilitate their crimes. They leased software to make internet calls with 12 different numbers and employed IP address spoofing software. This group pretended to be bank employees, advertising on Telegram, Facebook, and Zalo to gather customers interested in credit cards with limits ranging from VND 50 million to VND 500 million.
Once customer information was obtained, it was passed to another cell in Cambodia, which guided customers through the card opening process. After customers deposited money to prove their income (20% of the credit limit), the scammers stole their credit card and personal information, sending it to an accomplice group in Vietnam.
The Vietnamese cell then pretended to be bank approval staff, obtaining OTP codes to steal money from customer accounts. They used the stolen funds to purchase high-value items like iPhones, iPads, and MacBooks from online marketplaces such as Shopee, Lazada, and physical stores like Dien May Xanh, The Gioi Di Dong, and FPT across Vietnam. The goods were then resold to retail stores, and the cash proceeds were transferred to the Cambodian cells and distributed among the groups.
Between April and June 2024, this syndicate successfully laundered over VND 70 billion through these schemes.
The Nhu Xuan District Police have seized 35 mobile phones, one computer, two cars, scamming software with 12 virtual phone numbers, and over 7,847 fraudulent calls made to obtain customer information. They also confiscated the IP address spoofing software used by the group.
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