Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Vietnamese Fraud Ring Mastermind Arrested in Philippines

Featured Replies

mr-hunter-1763176189-7363-1763177269.png

Photo courtesy of VN Express

 

Le Khac Ngo, also known as Mr. Hunter, a key figure in a VND5.3-trillion (US$208 million) fraud case, has been arrested in the Philippines and will be extradited to Vietnam. The 34-year-old, along with accomplices, was captured through a coordinated operation between Hanoi police and Philippine law enforcement. Hanoi police are now collaborating with relevant agencies to finalize Ngo's extradition procedures.

 

This arrest follows that of Ngo's wife, Ngo Thi Theu, who was apprehended in July with Interpol's assistance and extradited to Vietnam. Authorities describe the case as "the biggest foreign currency and stock fraud in Vietnam ever." Ngo, along with Pho Duc Nam, also known as “Mr. Pips,” and a Turkish national, orchestrated a fraudulent trading scheme that began in 2021. They set up a front company with 44 offices across major Vietnamese cities, employing around 1,000 unlicensed staff.

 

The fraud involved creating English-language websites that mimicked reputable forex trading platforms. Victims were misled into believing they were investing in legitimate stocks and forex markets via apps like MT4 and MT5, which were directly linked to the suspects' accounts. Initially, small profits built trust, but later, victims were lured into larger investments, only to incur losses and further enticed to recover these on another deceptive platform.

 

Police have received 669 complaints and recorded statements from 601 victims, with losses over VND1.187 trillion reported. Seized assets total VND5.3 trillion, including luxury cars and properties. Authorities plan to investigate 550 sales employees involved. The victims were primarily deceived by the flashy lifestyle promoted by Nam and Ngo, which fueled their get-rich-quick aspirations.

 

Nam utilized his tech knowledge and English skills to partner with foreigners and showcased his opulent lifestyle on social media to attract investments. He reportedly admitted that the image of his luxury homes and cars coaxed people into investing, reported VN Express.

 

Key Takeaways

  • Le Khac Ngo, a key suspect in Vietnam's largest forex fraud, is arrested in the Philippines.
  • The fraud operation involved fake trading platforms and deceived over 2,660 victims.
  • Authorities continue investigating 550 employees and have seized assets worth VND5.3 trillion.

 

Related Stories

Fraudster Arrested for Multi-Million Baht Scam

Woman Fraudster Nabbed for Renting Cars, Smuggling Abroad

 

image.png  Adapted by ASEAN Now from VN Express 2025-11-17

 

image.jpeg

 

image.png

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.