VnExpress International
The most read Vietnamese newspaper
Contact us |
Follow us on            instagram

Man receives life for scamming over 1,000 in poverty alleviation fund

By Hai Thu   August 9, 2022 | 12:26 am PT
Man receives life for scamming over 1,000 in poverty alleviation fund
Tran Duc Trung stands trial in Hanoi for running a scam against more than 1,000 people, August 9, 2022. Photo by VnExpress/Danh Lam
Hanoi People’s Court sentenced a man to life imprisonment Tuesday for scamming more than 1,000 people into placing money into a poverty alleviation fund.

Tran Duc Trung, former chairman of the Poverty Support Center under Vietnam Association of Agriculture Small and Medium Enterprises, and four accomplices established the "Vietnam Hearts" program in April 2015, calling for high-interest-rate deposits.

The program collected around VND148 billion ($6.35 million) from more than 1,000 people in 16 cities and provinces by the end of that year, with the five pocketing more than VND49 billion.

Trung alone made VND26.3 billion.

His accomplices, also officials of the support center, were sentenced to between six and nine years in jail.

The court said the group’s violation was "especially serious" as they turned a program that aimed to help poor people into a scam to appropriate money.

More than 100 of the victims attended the trial. Many said they were required to deposit money into the program and have not received any support.

Enjoy unlimited articles and premium content with only $1.99 Subscribe now
go to top