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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.
Testimony from two directors reveals fraudulent 'holiday contract' scheme in Ho Chi Minh City.
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.
Outstanding doctor buys vacation contract: Loses 25kg, risks losing his home.
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.
List of 23 companies involved in the 'vacation contract' scam.
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.
Loneliness makes older adults more susceptible to falling into the trap of 'timeshare' contracts.
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.
'Vacation ownership' ringleader: Wants to extract as much money from customers as possible.
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.
187 defendants prosecuted for fraud involving the sale of vacation contracts, embezzling over 181 billion VND.
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.
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