On September 4th, the People’s Court of Ho Chi Minh City held a first-instance trial for Tran Van Quyen (DOB: 1985, Hanoi), Nguyen Ngoc Dang (DOB: 1996, Ho Chi Chi Minh City), Mai Hoang Tung (DOB: 1992, Ho Chi Minh City), and Tran Minh Quan (DOB: 1985, Ho Chi Minh City) on charges of counterfeiting, storing, transporting, and circulating fake money.
According to the indictment, from March to the end of June 2023, the accused took advantage of the Telegram messaging application to carry out their criminal activities.
Using accounts with names such as “Mr. Henry”, “Lee Nguyen”, and “boss_boss 79”, the group bought and sold a total of 35,000 counterfeit USD bills in 100 USD denominations.
The defendants in court
The proceedings revealed that the accused broke down their transactions into smaller deals, buying and reselling to make a profit. For instance, on June 21, 2023, Quyen sold 5,000 counterfeit USD to Dang for 20 million VND, who then immediately resold it to Tung for 30 million VND. Larger transactions, sometimes involving up to 20,000 fake USD, took place on June 22 and 23.
Tran Minh Quan, in particular, agreed to sell 5,000 counterfeit USD to a man named Bin for 50 million VND. On the evening of June 23, 2023, while waiting to make the exchange at a cafe, Quan was caught red-handed by the police, along with 4,900 fake USD bills.
Quan confessed that the money was given to him by Mai Hoang Tung and a man named Do Thanh Long to sell for a profit.
During the trial, the defendants admitted to their actions and expressed remorse.
The court sentenced Mai Hoang Tung to 20 years in prison, Tran Van Quyen to 18 years, Nguyen Ngoc Dang to 18 years, and Tran Minh Quan to 11 years for counterfeiting, storing, transporting, and circulating fake money. In addition to their prison terms, each defendant was also ordered to pay additional fines ranging from 20 to 50 million VND.
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