Nguyen Thi Le Na was sentenced to 10 years in prison for defrauding multiple people of over 9.4 billion VND.

The People's Court of the province has tried many cases related to the act of "fraudulent appropriation of property". The following case is a typical example: At the end of August 2024, the People's Court of the province held a first-instance trial against Dinh Trong Huan (born in 1987, residing in Phu Thuong ward, Hue City) for the act of "fraudulent appropriation of property".

Due to business losses, Huan had to borrow money from many people to pay off his debts. To get money to pay off his loans and for personal expenses, Huan took advantage of his job at Vietcombank 's Hue branch, giving false information: claiming he needed money urgently to repay loans for clients at the bank where he worked, or lying that he needed capital to buy real estate and would repay the principal and interest once it was sold.

To gain trust, Huan offered high interest rates of 2,000 - 2,500 VND per 1 million VND per day and usually lent for short periods, from a few days to 30 days. Trusting Huan, many victims, including colleagues or customers, lent him money and were defrauded of large sums.

From the end of June 2021 to October 2022, Huan embezzled money from six victims: Ms. DH, Mr. Ph. H., Mr. VT, Mr. LQ, Mr. D. L., and Ms. D. Th. (all colleagues or clients of Huan), totaling nearly 22 billion VND. Ms. H. alone lent Huan 8.2 billion VND on 11 occasions, and Mr. H. lent Huan 6.7 billion VND on 6 occasions…

The court sentenced defendant Dinh Trong Huan to 15 years in prison for "fraudulent appropriation of property." In addition, the defendant must return all the money he stole from the victims.

Similarly, the Provincial People's Court has tried and convicted many individuals who used the tactic of needing money quickly to "refinance" bank loans with high interest rates in order to defraud and misappropriate assets. Nguyen Thi Le Na (born in 1981, residing on Nguyen Lo Trach Street, Hue City), a former credit officer at Vietcombank's Hue branch, used fraudulent methods to misappropriate assets from many people totaling 9.4 billion VND, using the money to pay off debts and for personal purposes. The court sentenced the defendant to 10 years in prison. Nguyen Thi Le Na must also return all the money she misappropriated from the victims.

Another case involved a woman who fell for a scam due to her trust and greed for high interest rates when lending money. Ms. Nguyen Thi H. (director of a company, residing on Dien Bien Phu Street, Hue City) was also deceived by Tran Duc Bieu (born in 1987, residing in Truong An Ward, Hue City), a former employee of HDBank's branch in Hue City. Bieu borrowed money from Ms. H. with the intention of repaying bank loans and promised to pay high monthly interest. In the initial loans, Bieu always paid the interest on time. Due to her trust, Ms. H. subsequently lent Bieu money several times, totaling 5.4 billion VND.

In response to the recent cases of fraud involving high interest rates in the province, authorities are intensifying public awareness campaigns to encourage vigilance and prevention. They are also advising people not to trust, be swayed by, or be tempted by high interest rates offered by loan sharks, especially those working in the banking sector. People should absolutely not trust or comply with the demands of these individuals to avoid falling into their traps. If you discover or suspect you have been scammed using these tactics, report it to the police immediately for prompt action and legal processing.

Text and photos: THAI SON