Hanoi City Police have frozen over 900 billion VND worth of money and assets belonging to Shark Binh and other defendants to mitigate the consequences of the case and return the funds to Antex cryptocurrency investors.
Regarding money laundering, Shark Bình knew that Phó Đức Nam's trading platforms were violating the law but still instructed his employees to collude and provide false information to the investigating authorities.
Lawyer Dang Van Cuong clearly analyzed Shark Binh's money laundering activities for Mr. Pips through the Ngan Luong e-wallet; previously, Mr. Binh had been prosecuted for three other offenses.
Ngan Luong was once considered the "golden goose" in Shark Binh's NextTech business ecosystem.
Phó Đức Nam (Mr. Pips) laundered hundreds of billions of dong through Shark Bình's Ngan Luong e-wallet, and Mr. Bình also directed the provision of false information to the police.
In the Mr. Pips case, the Police Investigation Agency clarified the act of money laundering through Ngan Luong Joint Stock Company, chaired by Nguyen Hoa Binh (aka Shark Binh).
Colonel Nguyen Duc Long, Deputy Director of the Hanoi City Police, said that additional charges have been filed against Mr. Nguyen Hoa Binh (Shark Binh) for further investigation into the crime of tax evasion.
In addition to the charges already filed, Shark Bình, along with Nguyễn Hữu Tuất and Đỗ Công Diễn, have been charged with tax evasion by the Hanoi Police Investigation Agency.
Cryptocurrencies act like giant magnets, promising a "get rich quick" scenario, but behind that glamour lies an abyss where countless investors have paid the price with their blood.
The arrest of "Shark Binh" not only exposed a large-scale financial fraud scheme but also revealed a sophisticated system of deception that spanned from cryptocurrency to real estate.
The seizure and freezing of assets worth approximately 900 billion VND and 600 gold bars in the Shark Binh case aims to ensure the remediation of the consequences of the case.
Lawyer Dang Van Cuong analyzes the actions, evidence, and sentencing framework for Shark Binh after he was indicted for fraud and misappropriation of property.
With a fundraising target of $4,5 million, the price of the Antex token collapsed by 99% in just 5 months, leaving investors with significant losses.
Along with Shark Bình, Đào Minh Phú, the former CEO of NextTech Group, is a well-known figure in the Vietnamese poker community, having won a tournament worth over 40 billion VND.
According to his lawyer, Shark Bình faces the maximum sentence within the penalty framework for the two charges brought against him by the investigating authorities.
Dr. Nguyen Tri Hieu analyzes the reasons why a segment of Vietnamese people are rushing into cryptocurrency as a "shortcut" to wealth, with many unforeseen consequences.
Prior to his indictment, Shark Bình (real name Nguyễn Hòa Bình) was the Chairman of NextTech Group, a pioneering corporation in the digital commerce industry.
Working with the police investigation agency, Nguyen Hoa Binh admitted to the wrongdoing and committed to rectifying the consequences for the affected investors.
Shark Bình (Nguyễn Hòa Bình), the founder of NextTech Group, is facing accusations of misappropriating billions of VND from 30.000 investors in the AntEx cryptocurrency scandal.
Having raised capital from tens of thousands of investors with the promise of "building a Vietnamese cryptocurrency ecosystem," Shark Bình is accused of misappropriating hundreds of billions of VND.
In addition to Shark Bình, the investigating agency has indicted nine other defendants on charges of fraud and misappropriation of assets, and violations of accounting regulations causing serious consequences.
Hanoi police answered questions from the press regarding information about Shark Binh and actress Phuong Oanh's divorce.
In addition to the two charges already filed, Hanoi police will investigate further irregularities in Shark Binh's case.
In the case involving Mr. Nguyen Hoa Binh (Shark Binh), the investigating agency has seized and frozen money and securities accounts worth approximately 900 billion VND.
Mr. Nguyen Hoa Binh (Shark Binh) has been charged with fraud and misappropriation of assets, and violating accounting regulations causing serious consequences.
Once highly anticipated by investors, the AntEx cryptocurrency project, in which Shark Binh invested, quickly collapsed, leaving investors with almost total losses.
Mr. Nguyen Hoa Binh (Shark Binh) has been charged with fraud and misappropriation of assets, and violating accounting regulations causing serious consequences.
Hanoi City Police organized a conference to provide information on several cases investigated and solved recently, including the case involving Shark Binh.
While authorities are investigating Shark Binh, the public is questioning whether he will follow in the footsteps of a series of Vietnamese "sharks" who have previously faced legal troubles.
Hanoi police forces appeared at the headquarters of businessman Nguyen Hoa Binh (Shark Binh) late on the evening of October 6th.
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