As of December 11, the Investigation Agency has received reports from 18 victims with a total amount of money misappropriated of 28,443,000,000 VND. Currently, there are many other victims who have not reported, the investigation agency has not yet determined the information and amount of money misappropriated.
It is worth mentioning that the scammers have cheated the victims to the point that they do not think they have been scammed, but mistakenly think they have encountered risks in investing. A representative of the Cau Giay District Police (Hanoi) said: "During the verification process, the investigation agency encountered many difficulties because the victims thought these were licensed, legitimate stock exchange sites, and the loss of money was due to luck, so many victims did not report and did not cooperate, refusing to provide information to the scammers."
Lieutenant Colonel Cao Van Thai, Captain of the Hanoi Police Department's Major Crimes Team, informed: "When we investigate and prove that the property was defrauded or appropriated, of course the property will be returned to the victim."
The case is very complicated, the victim who wants to get back property must provide full information and prove the amount of money transferred to this criminal organization.
Even if the amount of money was proven to be defrauded, it would not be easy to get it back in full. Because, the money Pho Duc Nam earned was very large, but he spent it on personal expenses, buying many supercars, expensive watches, diamonds, keeping about 1,000 employees working from 8:00 to 21:00 to "hunt" prey, investing in real estate...
Among the 2,661 victims, there are many people with experience in stock investment, but still fell into the trap of the TikToker Mr Pips scam gang. This case is another lesson for the community, which is not to trust online investment channels, with sweet, enticing advertisements and flashy boasting of the scam boss.
Pho Duc Nam went online to show off his huge assets and introduce ways to get rich, and thousands of people listened. Greed blinded him, and he was no longer sober enough to see that it was a trap. There is no such thing as an easy and quick investment channel with profits of up to 50% or even 100%.
The police have repeatedly warned about online scams, but many people are still not vigilant. Don’t forget that the TikToker Mr Pips gang has been dismantled, but there may be many other gangs operating.
