“Money Laundering Scheme Unveiled: Four More Suspects Charged as Authorities Seize Multiple Supercars Across the Nation”

On May 29, the Thanh Hoa Provincial Police announced that the Office of the Investigative Police Agency of this province has just prosecuted four more suspects and arrested three people in the line of fraud and money laundering at the illegal securities trading floor, Fnory.com, which was fought and smashed by the Nhu Xuan District Police (before its dissolution) in early 2025.

The three arrested defendants are: Luong Hoang Duy (DOB: 1992, residing in Vinh Trach, Thoai Son, An Giang); Le Quoc Trung (DOB: 1994, residing in Tan Kieng, District 7, Ho Chi Minh City); Nguyen Van Tinh (DOB: 1990, residing in La Khe, Ha Dong, Hanoi). Nguyen Manh Thang (DOB: 2001, residing in Hoa Binh, Chi Lang, Lang Son) was indicted and placed under travel restriction.

Previously, in January 2025, through the task of grasping the situation on the cyber space, Nhu Xuan District Police (Thanh Hoa province) detected and coordinated with professional departments of Thanh Hoa Provincial Police, and police of districts, towns and cities to mobilize forces to simultaneously arrest nine subjects in the line of fraud and money laundering through securities investment.

In the process of fighting the crime, up to now, Nhu Xuan District Police has temporarily stopped the transaction of 20 apartments and villas, seized 13 cars (including many supercars), 47 land use right certificates and various types of transfer contracts, 60 mobile phones, 10 laptops, 1 desktop computer and many other objects and documents related with a total value of over VND 200 billion.

Since March 1, 2025, after the district-level public security organization was disbanded, the specialized case has been transferred to the Office of the Investigative Police Agency of Thanh Hoa Province for further investigation and expansion.

By professional measures, the police force identified that: From April 2024 to January 2025, the above four subjects participated in the line of fraud and money laundering at the illegal securities trading floor Fnory.com.

Accordingly, Luong Hoang Duy and Le Quoc Trung opened multiple bank accounts, in charge of receiving and transferring money to operate the Fnory.com floor with the purpose of defrauding property in cahoots with accomplices, with a total shared amount of VND 600 million. Nguyen Van Tinh acted as an agent, recruiting subordinates, and proceeded to seek and consult many victims to deposit money for investment in the Fnory floor, aiming to defraud victims’ money, with a total shared amount of VND 400 million. Nguyen Manh Thang directly participated in financial and banking transactions and held the ownership of buying and selling a number of assets to conceal the origin of illegal money of the leader of the Fnory trading floor, and was shared VND 50 million.