https://english.vov.vn/en/society/five-arrested-over-money-laundering-in-us191-million-scam-post1315457.vov

Five people have been arrested in Vietnam for allegedly laundering money for a Chinese-run scam operation based in Cambodia that defrauded thousands of victims nationwide of more than VND500 billion (about US$19.1 million).

According to police in the Central Highlands province of Dak Lak, the scam ring, operating from the Bavet area of Cambodia, used fake lottery scratch-card livestreams on social media to convince victims they had won prizes, then tricked them into paying multiple fees to claim the rewards.

Investigators said the network recruited Vietnamese nationals to open bank accounts to receive and transfer illicit funds through multiple layers of transactions in an attempt to conceal the proceeds of crime. The five individuals allegedly took part in receiving and moving the money, earning hundreds of millions of Vietnamese dong in illegal profits.

The scam ring defrauded thousands of victims across Vietnam of more than VND500 billion (about US$19.1 million). Investigators said transactions linked to the group exceeded VND14 billion.

Authorities are expanding the investigation to identify and prosecute others involved.