Shark Bình was involved in money laundering in the Mr. Pips fraud case involving 1.3 trillion VND.

Mr. Nguyen Hoa Binh (Shark Binh) has been recommended for prosecution by the investigating agency for money laundering in the case of Pho Duc Nam (aka Mr. Pips) who set up a stock exchange to lure investors and defraud them of more than 1,300 billion VND.

Shark Bình is accused of money laundering in the case related to Mr. Pips - Photo: Police

A noteworthy piece of information in the investigation report related to the Mr. Pips case, recently issued by the Hanoi Police, is that Mr. Nguyen Hoa Binh (Shark Binh) and several of his employees are accused of money laundering.

According to the police, the case involving Mr. Pips that was dismantled was the largest fraud ring in Vietnam in the foreign exchange and securities sectors. As the mastermind, Pho Duc Nam was responsible for all 738 fraudulent cases totaling over 1,300 billion VND. Nam and his accomplices also employed various methods to launder money.

Knowing the exchange was in violation, they still provided services.

According to the conclusion, in order to commit the crime, Nam agreed with the finance department to open e-wallet accounts at intermediary payment companies (including Ngan Luong Joint Stock Company), linked to trading platforms, to receive investment money from the victims.

Ngan Luong Joint Stock Company, headquartered at VTC Building No. 18 Tam Trinh, Hai Ba Trung District, Hanoi, is chaired by Mr. Nguyen Hoa Binh, the conclusion stated.

Mr. Binh is in charge of the company's overall operations and sets the fee regulations for customers using the intermediary payment service.

From June 2019, Mr. Dinh Hong Quan was appointed general director and legal representative of the company, and Mr. Binh assigned him to also be in charge of the e-commerce business department.

Tran Thi Thanh Tam was assigned the task of finding clients, including companies, organizations, and individuals.

TikToker Mr. Pips Pho Duc Nam at the time of his arrest - Photo: Provided by the police

Around June 2018, the hotline received a request to open a payment wallet and negotiate the fee, so they forwarded Tran Thi Thanh Tam's information to the customer.

Subsequently, an unidentified individual contacted Tam, claiming to be a representative of the GKFX forex platform, and offered to negotiate a 0.5% discount on deposit transactions. Tam reported this to Nguyen Hoa Binh directly at the Ngan Luong Company office, but Shark Binh disagreed, according to the investigation's conclusion.

Some time later, Pho Duc Nam (who was then the representative of GKFX in Vietnam) used a Telegram account named "Peter" to contact Tam, introducing himself as the new representative of the exchange and wanting to negotiate a commission fee.

Tam reported and sought advice from Nguyen Hoa Binh, who assigned him to manage the GKFX forex platform's clients. During the operation, Nam continued to create additional forex platforms such as DK Trade, ASX, ACX, and Sea Investing, and informed Ngan Luong Company about them.

During the process of managing the forex trading platform under Pho Duc Nam, the customer service department, managed by Tam, established Telegram groups to assist in resolving issues when customers deposited funds.

The conclusion states that, starting in June 2020, Ngan Luong Joint Stock Company began receiving official letters from the police verifying Ngan Luong wallets that had transactions receiving money from customers investing in the forex trading platform of Pho Duc Nam.

Employee Nguyen Thi Nam reported the above information to Mr. Nguyen Hoa Binh. At this time, although aware that Pho Duc Nam's forex platforms were violating the law, Shark Binh instructed Nguyen Thi Nam and Tran Thi Thanh Tam not to provide the platform's real wallet information but to create deposit and withdrawal data from another Ngan Luong wallet (a fake wallet) to provide to the police.

The investigators allege that Binh's group's goal was to keep the forex platform's Ngan Luong wallet operational in order to profit from transaction fees.

Shark Bình instructed his staff to collectively falsify data.

Specifically, Mr. Binh instructed Tam to contact Nam's forex trading platform staff to inform them of the police verification document and request that Mr. Pips provide information on another wallet (not the platform's official wallet) and withdrawal transactions from investment clients on the platform with matching amounts, meaning equal to or less than the amount deposited by the client into the wallet.

Tâm then passed this information to Nam to draft official letters and documents responding to the police, containing inaccurate information.

After completing the reply letter and accompanying documents, Nam forwarded them to Mr. Binh for approval, so that General Director Dinh Hong Quan could sign the response to the police in his capacity as the legal representative.

The investigation concluded that from mid-2021 to the end of 2022, whenever the police issued a verification document, Mr. Binh's staff would take photos and send them to Pho Duc Nam. Nam then instructed his staff to falsify the deposit and withdrawal figures before sending them back to Shark Binh's company to respond to the investigating authorities.

The investigation revealed that a total of 150 victims transferred over 213 billion VND into Ngan Luong e-wallet accounts.

The police allege that Nguyen Hoa Binh, Nguyen Thi Nam, and Tran Thi Thanh Tam knew that Pho Duc Nam's trading platforms were operating illegally and were under investigation by the authorities, but in order to profit from transaction fees, Binh instructed employees to continue providing customer service and allowing the Ngan Luong wallets of these platforms to operate.

At the same time, Mr. Binh also instructed Nam and Tam to communicate with employees of the trading platforms to agree on how to falsify data and then provide it to the police in order to hinder the verification of the victims' money transfers and the operation of the real Ngan Luong wallets of the forex platform, the conclusion stated.

The investigating agency concluded that the collected documents provided sufficient grounds to conclude that the defendants Nguyen Hoa Binh, Tran Thi Thanh Tam, and Nguyen Thi Nam committed the crime of money laundering.

In addition to the aforementioned case, Shark Bình was also prosecuted and temporarily detained by the police in another case for investigation into fraud and misappropriation of assets, and violations of accounting regulations causing serious consequences.

Back to the topic

ROYAL

Source: https://tuoitre.vn/shark-binh-tham-gia-rua-tien-trong-vu-mr-pips-lua-dao-1-300-ti-dong-20260318134740757.htm