Gold and cash piled up in stacks in TikToker Mr Pips's scam ring.

The Hanoi Police Investigation Agency has initiated legal proceedings against 31 defendants in a case of online fraud involving trillions of VND, linked to defendant Pho Duc Nam (born in 1994, residing in Ba Ria - Vung Tau , alias Mr. Pips).

Authorities seized and froze numerous assets belonging to the suspects, estimated to be worth over 5,200 billion VND.

This includes 316 billion VND in bank accounts, 9 billion VND in bonds, over 200 billion VND in savings accounts, and 69 billion VND in cash.

In addition, the police counted and seized 890 SJC gold bars and 246 kg of solid gold.

Authorities also seized 31 supercars, 7 luxury motorcycles, 59 watches of famous brands with a total value of approximately 300 billion VND, and 84 pieces of gold and diamond-encrusted jewelry.

In addition, authorities froze transactions involving 125 properties.

Of the 31 individuals prosecuted, 26 cases involved fraud and misappropriation of property, 3 cases involved money laundering, 1 case involved failure to report a crime, and 1 case involved harboring property obtained through another person's criminal activity.

Minh Tue

Source: https://vtcnews.vn/vang-tien-chat-thanh-dong-trong-duong-day-lua-dao-cua-tiktoker-mr-pips-ar912756.html