Topic: online fraud

When investors deposited money, their accounts would display notifications of profits many times the original investment. However, these were entirely virtual notifications, and account holders could not withdraw any actual cash.

The campaign is jointly organized by the Ministry of Public Security and Google.

The gang operated through two “branches” based in Myanmar and the Philippines, structured similarly to corporate entities.

Prime Minister Pham Minh Chinh requested localities to set up task forces to crack down on smuggling, trade fraud, counterfeit goods, copyright infringement, and intellectual property violations, given the recent bust involving 100 tons of counterfeit pharmaceuticals and dietary supplements.

For every 220 smartphone users, one fell victim to fraud.

Many cases of online fraud are related to petroleum products due to rising demand.