Mr. Pips headed the largest online financial fraud ring.
In the transnational fraud case involving Pho Duc Nam (Mr. Pips, 30 years old, residing in Ba Ria - Vung Tau ) and Le Khac Ngo (Mr. Hunter, 34 years old, residing in Hanoi), the police have so far identified 2,661 victims who made their first deposit, totaling approximately 50 million USD.
The investigating agency has recently received reports from 18 victims with a total amount of over 28 billion VND stolen. Many other victims have yet to report, and the investigating agency has not yet been able to identify their information or the amount of money stolen.
During the process of verifying the victims, the investigating agency encountered many difficulties because the victims thought this was a licensed and legitimate stock exchange website, and that the loss of money was due to luck, so many victims did not report it. Even when contacted by the police, the victims were uncooperative and refused to provide information about the scammers.
Police in Cau Giay district inspect the car seized in the Mr. Pips fraud case.
It wasn't until the case became widely publicized that the victims contacted the investigating authorities to report it. According to an officer from the Cau Giay District Police (Hanoi), investigators sometimes received up to 100 calls from victims in a single day.
According to the police, among the victims of this scam, many thought it was a win-lose investment, so they didn't report it because they would be prosecuted for gambling. However, in cases of fraud, authorities will collect information to use as a basis for returning the money to the victims.
Besides the difficulty in identifying the victims, the police also faced challenges in solving the cases.
Lieutenant Tran Cong Hau, from the Criminal Police Team of Cau Giay District Police, stated that the first step was to approach and investigate in order to understand and identify the organizational structure and roles of each individual within the gang. This was because it was a particularly complex criminal gang, tightly organized with a hierarchical structure and operating on a nationwide and international scale.
The collection of supercars seized in the Mr. Pips fraud case.
The ringleaders set up branch offices in central areas, with security guards, building security monitoring, cameras installed, and guards stationed at the doors to be vigilant and respond when authorities detect their activities.
The ringleaders operated entirely online, using highly secure messaging applications that allowed them to easily erase traces and remain anonymous while committing crimes. Furthermore, the suspects were frequently outside of Vietnam, therefore the investigation process had to be extremely skillful, secretive, and sensitive, without revealing any information.
The suspects are employees in large offices, always highly vigilant against any external contact and operating in a closed environment, avoiding contact with anyone. Their criminal activities are entirely online and via telephone, making it difficult to identify the suspects, detect their behavior, methods of operation, and the role of each individual within these offices.
The methods and tactics used by these criminals are sophisticated and novel, operating anonymously under the guise of "shell" companies in the securities investment brokerage sector. They function as legitimate companies in offices, making it difficult to detect their crimes and identify the charges against them.
Regarding the online financial investment fraud case led by Pho Duc Nam - Mr. Pips and Le Khac Ngo - Mr. Hunter, the Hanoi City Police Investigation Agency is urging those involved in the criminal activities of the trading platforms and the fraudsters to surrender to receive leniency from the law.
Hanoi City Police also urged victims of fraud on websites and trading platforms to report to the Criminal Investigation Department of the police in provinces and cities nationwide for guidance on how to resolve the issue.
Alternatively, victims can contact the Criminal Police Department of Hanoi City Police at 90 Nguyen Du Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi. Hotline: 0886882338, or investigator Bui Quang Tung, phone number 0989651412.
Source: https://vtcnews.vn/tiktoker-mr-pips-lua-dao-nan-nhan-nghi-mat-tien-do-may-rui-nen-khong-trinh-bao-ar913609.html
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