Multi-level company prosecuted for fraud
Lien Ket Viet Company
allegedly swindled nearly 95.2 million dollars from 45,000 people by faking a
prime ministerial certificate of merit and fraudulently claiming to be
company of the Ministry of Defence.
The apparently fake awards ceremony held by the Lien Ket Viet Company
Lien Ket Viet was established
in 2010 by Le Xuan Giang and was given licence to operate a multi-level
marketing business in 2014. According to the company, their products are
mostly supplements and health care equipment for old people bought from the
Biovaccine Corporation and BQP Medical Supply Company. In reality, the BQP
Medical Supply Company was also established by Le Xuan Giang.
Most of the customers looked
at the abbreviated name and mistook BQP Medical Supply Company for the
Ministry of Defence Medical Supply Company. In order to make their products
more legitimate, they allegedly used stamps and logos of Military Hospital
108 and the Ministry of Defence's Thanh Ha Company on their products.
Giang then used images of
former officers and leaders at the Ministry of Defence to promote the company
and claimed that these people were on the company's board. It is said that
there was even a fake awards ceremony held to receive the certificate of
merit from the prime minister.
Believing that Lien Ket Viet
was operating under the Ministry of Defence, many people were willing to
invest VND8.6m to join the company, hoping to reap VND449m in returns after
five years.
People were encouraged to buy
products from the company and resell it to other people or recruit their
acquaintances to the company to earn commission fees. The pricier the
products they bought, the higher commission fees they were promised. The
company also promised cars, houses and other bonuses to investors.
According to the authorities,
Lien Ket Viet successfully recruited over 45,000 people from 21 cities and
provinces, raking in near to 100 million US dollars. The case was discovered
after people gathered at Lien Ket Viet's headquarters in Hai Phong and Hanoi
because the company failed to pay them as promised, however, the company had
already already shut down.
Lien Ket Viet's Chairman Le
Xuan Giang, deputy directors Nguyen Thi Thuy, Le Van Tu and four other
leaders face criminal charges for fraud.
By Tuan Hop, dtinews.vn
|
Thứ Hai, 22 tháng 2, 2016
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