Than Van Thoai, Deputy General Director of BBA Global Company, is accused of leading a multi-level virtual currency network, attracting hundreds of thousands of participants.
Thoai and his accomplices were prosecuted for violating regulations on multi-level business and using computer networks, telecommunications networks, and electronic means to commit property appropriation.
Main point
Thoai takes advantage of virtual money to commit multi-level fraud, causing damage to many people.
Thoai's actions violate Vietnamese law and are being investigated by authorities.
Evaluate:
This is a serious case, warning people about fraudulent activities disguised as virtual currency investments.
Summary of Cashback Pro (CBP) virtual currency scam in a multi-level form
2019: Thoai acquired the CBP virtual currency project, created virtual transactions, promoted on the web, created an app to buy and sell goods, and paid rewards with CBP.
2021-2024: Establishing a website, CBP Wallet, organizing events and seminars to promote CBP and attract investors.
Tricks:
* Pay interest 0.5%/day.
* 12-50% commission when growing branches.
* Divide investors into many packages, high commission for high packages.
* Each person introduces 2 new people.
Result:
* Hundreds of thousands of participating accounts.
* Investment value is tens of billions of USD.
* Thoai Group benefits greatly, causing damage to investors.
Hanoi Police recommend:
Hanoi Police recommend that those participating in projects BBI Mall, CashBackPro, virtual currency CBP, SVIP, VNDO, e-wallet CBP Wallet, Future City... and other projects related to the Joint Stock Company Internet BBI Vietnam, BBA Global Joint Stock Company... came to report for resolution.
P/S: Summary from official Vietnamese newspaper