Mr Pips heads the biggest ring in the field of online financial fraud
Cau Giay District Police (Hanoi) is coordinating with professional units to investigate a gang led by Pho Duc Nam (Mr. Pips, 30 years old, residing in Ba Ria - Vung Tau), who defrauded 2,661 victims and appropriated about 50 million USD.
Senior Lieutenant Tran Cong Hau, an officer of the Criminal Police Team of Cau Giay District Police, said that to organize and operate criminal activities, Pho Duc Nam colluded and assigned Le Khac Ngo (Mr. Hunter, 34 years old, residing in Hanoi) to establish 44 offices in Vietnam with 1,918 regional managers, office managers and sales staff.
Sales staff work in office buildings and high-end apartments, where security and confidentiality are high. In addition, the subjects use their own security department to keep watch and observe. When detecting abnormalities, the subjects will have a way to respond.
In addition to the sales staff, this group established a separate security team, whose job is to be vigilant and watch the cameras, sitting at the office doors to keep watch.
"When victims file lawsuits or authorities come to inspect the company's operations, these people will have representatives come out to receive them and cover up their actions, not cooperate, and not allow authorities to come in to work," said Senior Lieutenant Tran Cong Hau.
Lieutenant Tran Cong Hau, officer of the Criminal Police Team of Cau Giay District Police.
Notably, sales staff are forced to meet targets and if they fail to meet them, they will be tortured and fired. When fired, the security department of the group will threaten and control them. If the sales staff provide information about the company's activities to the outside, they will be beaten, causing difficulties in their daily life.
"Security officers took them into private rooms and used force to beat sales staff if they were negligent, unfocused, or ineffective at work," Senior Lieutenant Tran Cong Hau shared.
Employees in the group of fraudster Mr Pips must clock in with their fingerprints and faces when they come to work and are controlled in terms of time. When they go home, they are absolutely not allowed to be involved in work. All computers and phones are left at the company to limit the provision of information about the company's activities and documents to the outside.
Regarding the method of operation, the subjects recruited employees and divided them into departments such as: Advertising department (marketing), victim care department (technical department - ret), victim support department for depositing and withdrawing money (support).
Sales staff in branch offices are divided into small groups of 5 to 10 people to work and assign team leaders, train and guide sales staff to find and entice customers to transfer money.
Sales staff have no knowledge of foreign exchange and stock investment but still use mobile phones to find customers through groups on social networks Zalo and Facebook.
Mr Pips's scam gang. (Photo: Hanoi City Police)
These employees also participate in events with many people with economic potential to approach, make friends, get acquainted, then introduce the macro financial market, foreign exchange investment opportunities, stimulate customers' desire to invest, thereby guiding and inviting them to invest in the above foreign exchange floors.
When the customer agrees to participate, the sales staff will assist the customer in creating an account, accessing the exchange's web link, using Gmail to create a trading account. Next, the customer is instructed to download the MT4, MT5 application to the phone, use the trading account code to "paste" into the MT5 application, and confirm the account in Gmail.
During the scam, sales staff created many Zalo accounts to pretend to be investors, consultants, and posted many winning transactions on the floor on Zalo groups to stimulate people to participate in investing.
After customers deposit money, the staff will provide information about market trends, encourage customers to make transactions with high leverage, limit profit taking or loss cutting before 3 minutes (after placing Buy or Sell orders).
The subjects claiming to be financial experts, "order readers" talk to customers, encourage customers to deposit more money to invest in hopes of recovering, find ways to make them lose, "burn" their accounts; the more money customers deposit, the more they lose, the more the subjects benefit.
When customers "burn" orders, sales staff and leaders will entice many people to deposit money to continue playing to recover or offer attractive promotions (bonuses) for customers to continue depositing money. When customers want to withdraw money, the subjects will execute a withdrawal order on the floor or chat with the support department of the victim depositing and withdrawing money on the floor to request a withdrawal.
When a customer has a withdrawal order, the support department for the victim's deposit and withdrawal will notify the leaders for their opinion. If the customer makes a small withdrawal order, they will allow the withdrawal. If the customer makes a large withdrawal order or intends to withdraw and stop playing, the team leader will ask the sales staff to influence the customer to make more transactions, delay the withdrawal in order to "burn" the customer's account, and limit the customer's withdrawal from the floor.
Receiving money from customers, the subjects used it for personal expenses, bought supercars, yachts, real estate, USD, gold and showed it off on all social networking platforms to stimulate other victims to continue participating in the organization's fraudulent activities.
To date, the investigation agency has identified 2,661 victims who deposited money into TikToker Mr Pips' investment platforms with a total amount of nearly 50 million USD.
Source: https://vtcnews.vn/duong-day-lua-dao-cua-mr-pips-nhan-vien-bi-danh-neu-khong-dat-chi-tieu-lua-ga-ar913304.html
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