According to the allegations, Pho Duc Nam (Mr. Pips) used Shark Binh's Ngan Luong e-wallet system as a payment intermediary, thereby creating a large-scale flow of money involving multiple Forex platforms.
In its conclusion to the investigation into the case involving Mr. Pips Pho Duc Nam, the Hanoi City Police Investigation Agency clarified the act of money laundering through Ngan Luong Joint Stock Company, chaired by Nguyen Hoa Binh (also known as Shark Binh).
According to the conclusion, to facilitate the receipt of funds from investors, Pho Duc Nam and his accomplices used the electronic wallet system of Ngan Luong Joint Stock Company as a payment intermediary, thereby creating a large-scale flow of money involving multiple Forex platforms (Forex is a foreign exchange trading platform that exchanges international currencies; allowing investors to profit from exchange rate differences. In Vietnam, Forex platforms are currently not licensed by the State Bank of Vietnam and their operation is against the law).
According to the organizational structure at Ngan Luong Company, Mr. Nguyen Hoa Binh holds the Vai of overall director and makes decisions. policy Fees. Dinh Hong Quan is the General Director, legal representative, and responsible for signing documents and financial reports. The finance and accounting department is managed by Nguyen Thi Thanh Huong, who oversees cash flow and bank accounts.
Meanwhile, the technical department, led by Bui Thanh Hai, was responsible for building the automated payment system and ensuring information security. business Tran Thi Thanh Tam is in charge of finding and connecting with clients from forex platforms, while Nguyen Thuy Linh provides customer support. The operations department is headed by Nguyen Thi Nam, who is responsible for transaction reconciliation, receiving and responding to information from clients, banks, and authorities.
According to the procedure, customers open a Ngan Luong wallet through the application or website, provide complete personal information such as full name, date of birth, citizen identification number, phone number, email, and linked bank account, and then verify to use the service.
Since 2018, through the hotline, Tran Thi Thanh Tam was connected with a representative from the GKFX forex platform to negotiate transaction fees. Subsequently, Pho Duc Nam contacted her directly via Telegram to discuss cooperation.
According to the investigation's findings, the fees applied included 2.5% for deposit transactions, 1% for withdrawal transactions, and 1,000 VND per withdrawal. Despite the partner's request to reduce fees in 2021, these fees remained unchanged.
During its operation, Pho Duc Nam continued to integrate many other forex platforms such as DK Trade, ASX, ACX, Sea Investing, HonorFX, and ScopeMarkets into the payment system via Ngan Luong. To operate, Telegram groups were established with the participation of the business, technical, operational, and staff departments of the platforms to handle trading issues and reconcile cash flow.
Notably, from June 2020, when the police began verifying related transactions, despite being aware of signs of violations. law Regarding forex trading platforms, Nguyen Hoa Binh continued to instruct his subordinates not to provide truthful information.
Accordingly, Nguyen Thi Nam and Tran Thi Thanh Tam were instructed to use data from other wallets as replacements, and to adjust transaction information so that the withdrawal amount was equal to or lower than the deposit amount in order to legitimize the documents submitted to the authorities.
The data exchange and provision process was conducted via Telegram between the individuals involved. After compilation, the file was finalized and sent to Dinh Hong Quan for signing before being submitted to the police.
The investigation revealed that from June 15, 2020, to September 23, 2022, 150 victims transferred money into Ngan Luong e-wallet accounts totaling over 213.4 billion VND. This money was circulated through numerous bank accounts under the name of Ngan Luong Joint Stock Company at major banks, and then deposited into the aforementioned forex trading platforms.
In this case, Shark Nguyen Hoa Binh is being recommended for prosecution for money laundering. In another case, Shark Binh is being investigated for fraud, serious violations of accounting regulations, and tax evasion.
According to Dan Tri
