On September 29, the Department of Cyberspace Security and High-Tech Crime Prevention, Ministry of Public Security, announced the successful dismantling of a large-scale criminal network. This group exploited computer networks, telecommunications, and electronic devices to commit asset appropriation fraud.
Previously, through cyber surveillance and telecommunications investigations, the department identified multiple individuals impersonating bank and financial institution employees. These fraudsters made nationwide calls, offering credit card services and cash withdrawals, with links to Huy Hoàng FN Service Co., Ltd.
Investigations revealed that Huy Hoàng FN Service Co., Ltd., established in 2019 under Director Trần Thế Huy, operated over 10 branches with 140 employees across Vietnam.
On September 12, over 200 officers from the Department of Cyberspace Security and Đắk Lắk Provincial Police conducted simultaneous raids at 10 locations in Ho Chi Minh City, Đắk Lắk, Gia Lai, and Quảng Ngãi.
Police inspecting suspects and seized evidence. Photo: CACC.
Initially, authorities questioned 142 individuals, including the company director, financial officer, accountant, 17 regional managers, branch heads, and 122 employees.
During interrogation, suspects admitted that Huy Hoàng FN Service Co., Ltd. recruited staff via social media and purchased customer data online. Employees used VoIP technology to impersonate bank representatives, offering credit card services and cash withdrawals.
Upon customer agreement, fraudsters connected via Zalo, shared affiliate links for card registration, and earned bank commissions. After card issuance, victims were instructed to make online payments for utilities, often fictitious, to withdraw cash. Employees stole 4-20% of the withdrawn amounts.
Authorities seized 171 computers, 151 mobile phones, 3 seals, and related electronic evidence.
Preliminary analysis shows the company facilitated over 200,000 credit card openings, guiding withdrawals of VND 800 billion and embezzling VND 80 billion. From September 1-12, 2025, employees processed 2,600 online transactions worth nearly VND 11 billion, stealing over VND 1 billion.
Đắk Lắk Provincial Police charged Trần Thế Huy (born 1992) and Trần Thị Mỹ Hoàng (born 1994) with “Using computer networks, telecommunications, and electronic means for asset appropriation.” Investigations continue to prosecute additional suspects and address regulatory gaps.
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