On November 23, the Hanoi People’s Procuracy issued an indictment against 15 defendants involved in the case of “Using Computer Networks, Telecommunication Networks, and Electronic Means to Commit Asset Appropriation” and “Money Laundering.” The case centers around activities at BBI Vietnam Internet Technology Joint Stock Company and BBA Global Joint Stock Company.
Additionally, authorities are actively searching for fugitive defendant Hồ Quốc Anh (born in 1990, residing in Thanh Xuân District, Hanoi). Hồ Quốc Anh is currently subject to an arrest warrant (No. 19368 dated November 15, 2024) issued by the Hanoi Police Investigation Agency.
To ensure the case is resolved in accordance with the law, the Hanoi People’s Procuracy urges Hồ Quốc Anh to surrender to the nearest police or procuracy office. By doing so, he can avail himself of the state’s leniency policies and exercise his right to defense as prescribed by law.
Failure to surrender will be considered a waiver of his right to defense, and he will be prosecuted and tried in accordance with legal provisions.
Defendant Thân Văn Thoại.
The case involving BBI and BBA was initiated in 2024. Initial investigations reveal that in 2019, Thân Văn Thoại, Deputy Director of BBA, acquired the CashBack Pro (CBP) cryptocurrency project from abroad and introduced it to Vietnam for business purposes.
Through foreign associates, Thoại generated fictitious transactions and promoted CBP on global cryptocurrency platforms. He developed an application allowing users to buy and sell goods while earning cashback rewards in CBP.
Thoại established a website to attract investments, offering a multi-level marketing system where participants could earn commissions convertible into cryptocurrency. He also created CBP Wallet, a digital wallet for CBP distribution. Participants were promised direct commissions and bonuses for expanding their network or opening investment accounts within the system.
Furthermore, Thoại organized seminars and workshops on financial management and wealth-building, highlighting the benefits of CBP. He offered attractive policies, including high-interest returns and commission percentages for network expansion.
Using these tactics, from March 2021 to June 2024, Thoại’s group allegedly built an investment community with hundreds of thousands of participants, according to investigative authorities.
Previously, alongside the case involving Mr. Pips and accomplices, the Hanoi People’s Procuracy classified Thoại’s case as one of the highest-priority asset recovery cases.
According to the Hanoi People’s Procuracy, Thân Văn Thoại and his accomplices defrauded 32 victims of over 42 billion VND. Authorities have implemented measures to recover assets totaling more than 46 billion VND, 199,600 USD, and 63 land use rights certificates and real estate properties.
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According to the Hanoi People’s Procuracy, the total amount embezzled by Than Van Thoai and his accomplices from 32 victims exceeds 42 billion VND. Measures have been implemented to secure the recovery of assets, including over 46 billion VND, 199,600 USD, and 63 land use rights and real estate certificates.
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