In a significant move to protect the public from financial scams, Hanoi City Police have successfully dismantled several fraudulent virtual currency trading platforms. The operation led to the arrest of key individuals and the seizure of assets valued at billions of Vietnamese Dong (VND), reflecting a crucial step in combating digital fraud. Despite repeated warnings from authorities, these illegal schemes continue to prey on unsuspecting victims.
Unveiling the Fraudulent Operations
An in-depth investigation by Hanoi City Police unveiled a detailed plan orchestrated by Trieu Nu Cuoi Company. The company had arranged a conference for 300 clients at Bao Son Paradise in An Khanh Commune, Hoai Duc District, Hanoi, scheduled for December 24, 2024. This event was part of their strategy to promote QFS coins, a virtual currency they marketed using spiritual elements to entice investors.
Seizure of Assets and Investigation Findings
During the raid on the company’s offices, authorities confiscated crucial evidence, including documents and computers. Initial findings indicated that Trieu Nu Cuoi Company had amassed substantial revenue from selling QFS coins, estimated at approximately 30 billion VND. The company had been persuading individuals to invest sums ranging from 4 million to 39 million VND (roughly $190 to $1,350) during these promotional events.
Public Advisory and Legal Recourses
The Investigation Security Agency of Hanoi City Police has issued a public notice encouraging anyone affected by the fraudulent activities to come forward. Victims are urged to contact the agency to ensure their rights and interests are safeguarded in compliance with legal procedures. This initiative underscores the commitment of the police to protect citizens and uphold justice.
Preventive Measures and Public Awareness
Through this case, the Investigation Security Agency reiterates the importance of due diligence when considering virtual currency investments. They advise the public to thoroughly research and verify information before committing financially. This cautionary approach is essential to avoid falling victim to baseless promotional schemes that could result in the loss of real money exchanged for virtual assets.
Conclusion
The dismantling of these fraudulent trading platforms in Hanoi marks a pivotal effort in the ongoing battle against digital currency scams. As virtual currencies continue to gain popularity, it is imperative for individuals to remain informed and vigilant. By staying alert and conducting thorough research, potential investors can protect themselves from deceptive schemes and contribute to a safer financial environment.
