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$160m Fraud: Two Nigerians, Five Others Arrested in Vietnam
Vietnamese police have arrested two Nigerians and five others over a $160 million international fraud involving over 300 fake companies.
According to VnExpress, the suspects, aided by a Vietnamese-led network, hacked business emails, created look-alike domains, and tricked firms into transferring funds into fraudulent accounts—many linked to Nigerian banks.
One case saw a Ukrainian firm unknowingly transfer over $314,000 to scammers posing as its South Korean partner.
Over 20 people are reportedly linked to the syndicate, with funds laundered and withdrawn via local collaborators.