90 foreigners charged over $1.94mn fraud scheme in Vietnam
Vietnam News 15:19 04/11/2026Police have charged 90 foreign nationals in connection with an alleged transnational fraud ring that defrauded victims of approximately VND50 billion (US$1.94 million) out of a secluded hotel in Thanh Hoa Province, north-central Vietnam.
Mr Pips, Mr Hunter face life sentences in $62mn investment fraud case in Vietnam
Vietnam News 12:32 04/11/2026Pho Duc Nam, known as Mr Pips, and Le Khac Ngo, known as Mr Hunter, are facing possible life sentences for their roles in a massive online investment fraud scheme that allegedly swindled more than 900 victims out of nearly VND1.6 trillion (US$62 million).
From $60m in alleged fraud to 250kg of gold & luxury cars: The staggering figures behind Vietnam’s Mr Pips case
Economy 21:10 27/10/2026Over US$60 million in alleged investor losses, 250kg of gold, dozens of luxury cars, and more than 100 properties are among the staggering figures emerging from Vietnam's Mr Pips fraud case, as 188 defendants stand trial over a sprawling investment scam.
From high-tech fraud to staged scams: unmasking recent foreign fraud cases in Vietnam
Vietnam News 15:40 22/10/2026A series of police raids across Vietnam has brought to light a troubling pattern involving foreign nationals operating illicit schemes within the country. From high-tech boiler rooms hidden in quiet provinces to staged gambling scams in bustling tourist hubs, law enforcement agencies are actively dismantling cross-border criminal networks that use Vietnam as an operational base.
Vietnam's Apax Leaders branch linked to ‘Shark Thuy’ owes $630,000 in taxes amid $323mn fraud case
Vietnam News 20:56 13/10/2026A Ho Chi Minh City branch of Apax Leaders, part of the education empire linked to Vietnamese businessman Nguyen Ngoc Thuy, or ‘Shark Thuy,' owes more than VND16.5 billion (US$630,000) in taxes.
Hong Kong arrests 127 in Vietnamese-led loan-sharking syndicate
World 17:40 11/10/2026Hong Kong police have arrested 127 people, including 37 Vietnamese nationals, in a crackdown on a Vietnamese-led crime syndicate accused of loan sharking, operating illegal gambling dens and unlicensed bars, and helping undocumented immigrants find accommodation and work, according to Hong Kong media.
Vietnamese police bust massive money laundering network linked to Japan
Vietnam News 12:00 11/10/2026Police in Phu Tho Province, northern Vietnam have dismantled a sophisticated transnational money laundering and cross-border currency transfer network linked to fraud in Japan, initially charging seven suspects, according to the Ministry of Public Security.
Fraud at Prudential Life attributed to sales-oriented culture
World 20:06 08/10/2026A corporate culture that placed excessive emphasis on sales performance was cited as a cause of fraud by employees of Prudential Life Insurance Co. who defrauded customers of money, a third-party investigation report showed Thursday.
Egroup fraud probe: How victims’ properties ended up in Vietnamese tycoon Shark Thuy’s wife’s name before being mortgaged
Economy 15:34 28/09/2026Nguyen Ngoc Thuy, known as “Shark Thuy,” founder of Egroup and the Apax Leaders English center chain, allegedly had six properties belonging to nine victims transferred to his wife and a deputy CEO before they were mortgaged for bank loans.
How did Vietnamese tycoon ‘Shark Thuy’ allegedly defraud 10,000 investors of $325 million?
Vietnam News 15:22 26/09/2026Thousands of investors bought shares expecting returns from Shark Thuy’s education business. When funds ran short, he allegedly used 70 percent of money from new investors to pay earlier ones, with the remaining 30 percent transferred to the company.
Vietnamese tycoon ‘Shark Thuy’ accused of $295 million investor fraud
Vietnam News 18:55 22/09/2026Nguyen Ngoc Thuy, founder of Egroup and the Apax Leaders English center chain, is accused of appropriating VND7.677 trillion (US$295 million) from more than 10,100 investors and paying VND32 billion ($1.23 million) in bribes.
Banks warn AI shopping bots raise scam, fraud and data-privacy risks
World 17:53 22/09/2026Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest NWG.L and Bank of America BAC.N said on Tuesday, as they set out principles for developing the technology.