A series of land ownership certificates, albino Hermes bags, and supercars were seized in the Mr. Pips fraud case.

Video : Mr. Pips heads the largest online financial fraud ring.

During the crackdown on the transnational fraud ring led by TikToker Mr. Pips Pho Duc Nam and TikToker Mr. Hunter Le Khac Ngo, the police seized and froze assets worth approximately 5,200 billion VND.

This includes 131 properties, comprising luxury apartments and townhouses. Notably, there are two luxury apartments in the heart of Hanoi priced at 1 billion VND/m2.

Authorities also seized 36 handbags and wallets from top -tier, expensive brands, such as limited-edition Himalayan albino crocodile leather bags worth over 5 billion VND; and various Hermac, Gucci, and LV bags.

59 watches worth 300 billion VND from brands such as Cartier, Hublot, Patek Philippe, Richard Mille, Jaeger-LeCoultre, Omega (among these, some watches are worth up to 1 million USD)... Gold-plated, diamond-encrusted Vertu phones.

Dozens of car keys for Bentley, Ferrari, Rolls-Royce, and other brands belonging to con artist Mr. Pips were seized. Some of the keys were made of solid gold and studded with diamonds.

Police in Cau Giay district inspected the Rolls-Royce supercar.

The Rolls-Royce Cullinan with license plate 51K-433.33 that Pho Duc Nam frequently photographs with and posts on social media to show off his wealth. The market price of this supercar is approximately 35-40 billion VND, depending on the version and configuration. Next to it is a Mercedes G63 worth tens of billions of VND.

The Lamborghini Urus has an on-the-road price of approximately 18 billion VND.

Several sports cars involved in the case were also seized.

In addition to the car, the police also confiscated 7 expensive motorcycles.

On social media, TikToker Mr. Pips stated that his wealth came from financial investments. He then encouraged and guided others to invest as well to make profits. Many people, hoping to get rich quickly and become millionaires, poured money into Phó Đức Nam's investment channels and were subsequently scammed out of everything.

In the largest financial investment fraud case to date, the police have indicted 31 defendants, including 26 charged with fraud and misappropriation of property, 3 with money laundering, 1 with failure to report a crime, and 1 with harboring property obtained through criminal activity.

Currently, Pho Duc Nam has been arrested. As for Le Khac Ngo, the police determined that at the time the case was busted, he was abroad. The Hanoi City Police have issued an international arrest warrant for Le Khac Ngo for the crime of fraud and appropriation of property, and are urging Ngo to surrender soon to receive leniency.

Hanoi City Police are urging victims of scams on websites and trading platforms run by Pho Duc Nam... to report to the criminal police departments of provinces and cities nationwide.

Victims can also go directly to the Criminal Police Department of Hanoi City Police (address: 90 Nguyen Du Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi; hotline: 0886.882.338) to provide information.

Minh Tue

Source: https://vtcnews.vn/loat-so-do-tui-hermes-bach-tang-sieu-xe-bi-thu-giu-trong-vu-mr-pips-lua-dao-ar912977.html