On December 13, Ho Chi Minh City police announced the arrest and detention of Dang Thi Phuong Tho (born 1982, Dien Bien native) for alleged fraud.
Police reading the arrest warrant for Dang Thi Phuong Tho |
According to initial information, Dang Thi Phuong Tho, a deputy manager at a company, devised a scheme to defraud others to pay off her debts. In early 2022, she invited friends and relatives to invest in her business, claiming to sell western medicine, cosmetics, and electronics at a low price and then resell them at a higher price.
Many of her friends and relatives trusted her and invested money in her scheme. However, instead of using the invested money for business, she used it to pay off her debts. To maintain the illusion of a profitable venture, she used new investors’ money to pay ‘interest’ to earlier investors. Through this scheme, she managed to defraud a total of VND 23 billion from multiple victims.
PHAM DUNG
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