
Retired teachers were tricked into using all their savings to buy vacation contracts.
After investing all her savings in a 250 million VND timeshare contract, the retired teacher was further enticed to sign up for an additional service package.

After investing all her savings in a 250 million VND timeshare contract, the retired teacher was further enticed to sign up for an additional service package.

A scam ring operating under the guise of a tourism business in Ho Chi Minh City used the tactic of selling "vacation ownership" to lure customers, defrauding thousands of victims of over 612 billion VND.

Distinguished physician Thai Hy Thin sold his life savings of gold to buy a vacation home, only to face the risk of losing his entire house after a series of transactions that promised lucrative returns.

Hanoi police have initiated legal proceedings in 21 cases involving 187 defendants related to fraudulent schemes involving the buying and selling of vacation packages, and have released a list of 23 companies involved.

Following cases of elderly people mortgaging their pensions and properties to recoup their investment from timeshare contracts, the resulting psychological trauma, anxiety, and loneliness of old age have become a reality.

At the police station, the statements of the leaders and employees in the "vacation ownership" scheme revealed many sophisticated fraudulent tactics employed by this network.

Hanoi police have initiated legal proceedings against 187 defendants in connection with the buying and selling of vacation packages, which show signs of fraud and misappropriation of assets.