Authorities in Bac Ninh Province have detained and prosecuted 39 Vietnamese individuals involved in a large-scale fraud ring led by Chinese nationals. The sophisticated operation, based in Bavet City, Cambodia, stole nearly US$40 million from around 13,000 victims across Vietnam.

The fraudsters posed as police officers, tricking victims into installing malware on their phones. This allowed the scammers to access bank accounts and steal funds. The ring operated in three teams, handling victim contact, data collection, and money laundering through cryptocurrency.

Police are expanding the investigation to uncover more about the group’s activities, with three key managers identified as coordinating with the Chinese leaders.

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