Seized over 5.2 trillion VND in the TikToker Mr Pips crypto investment fraud ring and forex.
When Pho Duc Nam, known as TikToker Mr Pips, was accused of being involved in a money fraud group under the guise of a securities brokerage company, the police froze assets worth over 5 trillion VND.
On December 10, the Hanoi Police announced that they had initiated criminal proceedings against Pho Duc Nam - known as TikToker Mr Pips and Le Khac Ngo, 34 years old, along with 29 others for 5 offenses.
Among them, 26 people face charges of Fraudulent appropriation of property, 3 people for Money laundering, and one person for Failure to report a crime.
On October 25, the Hanoi Police along with various professional units organized the arrest of dozens of suspects in this transnational fraud gang.
So far, the police have identified more than 2,660 victims nationwide.
The police have seized and frozen many assets estimated at over 5.2 trillion VND.
This includes 316 billion VND in accounts, savings books worth over 200 billion VND, 69 billion VND in cash, 2.3 million USD, 890 SJC gold pieces, 246 kg of raw gold, 31 supercars, and 59 luxury watches valued at about 300 billion VND... 125 properties have also been frozen for transactions.