SCAM SOS VIETNAM

Collecting over 5.2 trillion VND in the TikToker Mr. Pips investment fraud case involving crypto and forex.

When Phó Đức Nam, known as TikToker Mr. Pips, was accused of being involved with a group that scammed money under the guise of a brokerage firm, police seized assets worth over 5 trillion VND.

On December 10th, Hanoi Police announced that they had initiated a criminal case against Phó Đức Nam - TikToker Mr. Pips, Lê Khắc Ngọ, 34 years old, and 29 others on 5 charges. Among them, 26 people face charges of Fraudulent appropriation of property, 3 people for Money laundering, and one person for Failing to report a crime.

On October 25th, Hanoi Police, along with other units, organized the arrest of dozens of suspects in this transnational property theft scam ring. So far, police have identified more than 2,660 victims nationwide.

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 pieces of SJC gold, 246 kg of raw gold, 31 supercars, 59 luxury brand watches worth about 300 billion VND... 125 real estate properties have also been frozen for transactions.