Categories: Market

The owner of the TcbTrade.com virtual wallet was arrested by Ha Nam police for fraudulently stealing VND 55 billion from thousands of investors.

On December 1st, the police in Duy Tien City, Ha Nam Province, in cooperation with the Ministry of Cybersecurity and High-Tech Crime Prevention and Control, the Ministry of Public Security successfully resolved the special case and Ninh Dac. Huan, born in 1991, arrested, resides in Co Nhue 1 District, Bac Tu Liem District, Hanoi for the crime of using computer networks, telecommunications networks, and electronic means to acquire property through mobilization and enticement. Investors participate in virtual currency investments .

Subject Ninh Dac Huan | Photo: Verkehrszeitung

At the police station, Huan claimed to be the administrator and operator of the TcbTrade.com virtual currency exchange that issued the TCFX token and created a team called TEAM STAR DIAMON with the aim of attracting investors for large profits.

TcbTrade.com website screen

Huan’s theme has hosted many events in luxury hotels and resorts; Filming, photographing real estate, putting supercars on YouTube, Facebook to gain the trust of customers …

Using the above method and tricks, from the beginning of November 2020 until today, Huan has appropriated the real estate of 5 investors in Duy Tien (Ha Nam) city with a total amount of about 300 million VND and exploited data to exploit the data from the Stock exchanges since its inception, there have been thousands of investors totaling about 55 billion dong. In addition, the theme also manages 8 other virtual wallets.

Police search Huan’s house | Photo: Verkehrszeitung

Currently, the Duy Tien City Public Security Investigative Police has issued a decision to prosecute the defendant and to investigate and increase his custody of Ninh Dac Huan for the crime of using computer networks, telecommunications networks, and electronic means to commit theft expand.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.