On November 13th, the Hung Yen Provincial Police Department announced that the Criminal Investigation Department has issued a decision to prosecute the case and arrest warrants for Do Van Hung (born in 1999, residing in Dai Son village, Doai Phuong commune, Hanoi) and Nguyen Thi Thu Huong (born in 1996, residing in Duyen Lam village, Quang Oai commune, Hanoi) on charges of usury in civil transactions, as stipulated in Clause 2, Article 201 of the Penal Code.
Previously, through situational awareness, the Department of Cyber Security and High-Tech Crime Prevention, Hung Yen Provincial Police, detected a group of suspects engaging in usury activities on the cyber network by pledging iCloud accounts of iPhones.
On October 26th, the Department of Cyber Security and High-Tech Crime Prevention collaborated with the Criminal Investigation Department of Hung Yen Provincial Police to summon Do Van Hung, Nguyen Thi Thu Huong, and several other individuals for questioning.
At the police station, the suspects confessed that from November 2024 to the present, Do Van Hung, along with Nguyen Thi Thu Huong and others, pooled capital to form a group lending money through iPhone iCloud accounts, with a total amount of over 400 million VND. Huong was assigned the role of accountant.
Do Van Hung at the investigation agency
The group recruited collaborators and used multiple fake social media accounts to post loan offers on various online groups. Each collaborator who successfully referred a borrower would receive a commission ranging from 30% to 35% of the total loan amount. Borrowers with higher-end phones could secure larger loans.
Upon agreeing to the loan, borrowers were required to provide personal information and ID card photos. The group would then install an iCloud account on the borrower’s iPhone. If borrowers failed to pay interest on time, the group would lock the iCloud account, rendering the phone unusable.
Using this scheme, from December 2024 to the present, Hung’s group has lent money to approximately 1,500 borrowers nationwide through iCloud accounts, with a total loan amount exceeding 30 billion VND and exorbitant interest rates ranging from 286% to 662% per annum.
Currently, the police are continuing their investigation and expanding the case to prosecute the offenders according to the law.
Raid on 2,000-Phone “Farm” in Da Nang: Specialized in Breeding Fake Zalo, Tinder Accounts for Cambodian Scams
Da Nang police have dismantled a massive high-tech criminal operation at Vietbot Company. The syndicate operated a sophisticated network of 78 CPUs and 2,000 phones solely to generate and rent fake Telegram, Zalo, and Tinder accounts, catering to scam groups (primarily in Cambodia) and illicitly profiting 2 billion VND monthly.
President Lương Cường: The Hanoi Convention Delivers Three Clear Messages
On behalf of the State and people of Vietnam, President Lương Cường extends a warm welcome to all delegates gathering in Hanoi, the City for Peace, to attend the Opening Ceremony for the Signing of the United Nations Convention on Countering Cybercrime. This historic event marks the dawn of a new era in global cooperation within the digital realm.
Today’s Crypto Market, October 25: Hanoi Convention Puts an End to Digital Asset Scams
The Hanoi Convention underscores Vietnam’s increasingly pivotal role in the global fight against cybercrime.
Money Laundering Through Illicit Bank Account and Business Transactions
High-tech criminals engaging in money laundering are becoming increasingly dangerous, sophisticated, and complex, making the need for robust anti-money laundering (AML) measures in the digital economy a critical challenge for nations worldwide, including Vietnam. As Vietnam’s economy becomes more open and interconnected, the urgency to enhance risk identification and mitigation in AML efforts has never been more pressing.
Police Issue Urgent Alert Regarding Pensions, Social Insurance, and Health Insurance
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