Hanoi – By exploiting the trust of her acquaintances, a woman orchestrated a fake “high-interest savings” scheme to swindle more than VND 3.5 billion, approx. USD 137,000.
On June 15, the Thanh Xuan District Police in Hanoi announced that they had initiated criminal proceedings and detained Nguyen Thi Huyen, born in 1985, residing in Thanh Xuan Trung Ward, Thanh Xuan District, Hanoi on charges of “fraudulent appropriation of assets.”
Hanoi detective, according to the investigation, between 2022 and April 2024, Nguyen Thi Huyen frequently claimed to have close connections with financial institutions and banks.
She promoted herself as being affiliated with certain “savings centers” that offered interest rates significantly higher than the market average, promising quick returns and flexible withdrawals.
Trusting her claims, several individuals transferred money to her under the impression they were investing in high-yield savings programs. In reality, Huyen did not invest the funds as promised. Instead, she used the money for personal expenses and to repay previous debts using a Ponzi-like scheme—robbing Peter to pay Paul.
Her scam unraveled when victims attempted to withdraw their funds but were unable to contact her. Authorities have determined that she defrauded victims of more than VND 3.5 billion in total.
Police have issued a warning to the public to be cautious of investment or savings offers that promise unusually high interest rates. Any offer lacking legal transparency or clear institutional backing should be thoroughly verified before participation.
The case is currently under further investigation.
Vietnam detective agency https://vietnamdetectives.com