Ho Chi Minh City police are investigating a massive gambling ring led by Huynh Long Nhu and family members. The operation allegedly involved over 25,000 accounts and bets totaling $3.8 billion from early 2020 until late 2021. Nhu and his brother Bach managed two main gambling websites, Swiftonline.live and Nagaclubs.com, which promoted the activities as financial investments with promises of profits. The authorities have recommended charges against Nhu, Tu, Tay, and several others for organizing illegal gambling, with investigations suggesting that around $2.2 million to $2.5 million in profits were made and used for purchases like real estate and cars, raising concerns of money laundering. Further actions are underway to apprehend other suspects involved.
Ho Chi Minh City Police Crack Down on Major Gambling Operation Led by Huynh Family
Police in Ho Chi Minh City are ramping up their investigation into a large gambling network allegedly run by Huynh Long Nhu and his siblings. The operation has been described as “exceptionally large-scale,” involving a network operational since early 2020 until its dismantling in late 2021. Authorities have recommended that several members of the Huynh family, along with nine additional defendants, face charges related to organizing and participating in illegal gambling.
The gambling ring, thought to have been masterminded by Indian national Bhatia Mohit, involved over 25,000 accounts and bets totaling a staggering $3.8 billion. The Huynh siblings reportedly used advanced technology and hired IT experts, including foreign nationals, to maintain their online gambling platforms, Swiftonline.live and Nagaclubs.com. The operation managed to lure players by presenting the gambling activities as a digital currency investment scheme, promising significant daily profits.
Participants in the scheme were required to create accounts on these platforms and deposit funds into digital wallets, which they could then use for betting. A minimum deposit of 20 USDT (approximately $20) was needed to start betting, with promises of guaranteed refunds and commissions for recruiting new players. The gambling activities were highly organized, with members using Telegram groups to coordinate and manage their bets.
Additionally, the investigation revealed that the gambling ring generated substantial profits, with the Huynh family reportedly amassing around $2.2 million for their operations. The illegal earnings were used to purchase assets like real estate and luxury cars, ringing alarm bells for potential money laundering activities.
Law enforcement is now actively pursuing further legal actions against both the arrest of those involved and efforts to apprehend fugitives still at large.
Tags: Huynh Long Nhu, gambling operation, Ho Chi Minh City, illegal gambling, police investigation, online gambling, money laundering, Swiftonline.live, Nagaclubs.com.
What was the gambling ring about?
The gambling ring was a big scheme where four siblings led a $3.8 billion operation. They pretended to offer cryptocurrency investment but were actually running an illegal gambling business.
How did they trick people?
They used fake promises of high returns on cryptocurrency investments to attract people. Many individuals thought they were investing in a legitimate opportunity, but their money went into illegal gambling instead.
Who were the siblings involved?
The siblings involved were all part of the leadership team, working together to manage the operation. They used their family ties to gain trust from investors, making their scheme seem more credible.
What happens to the money that was invested?
Unfortunately, most of the money that people invested was lost in gambling activities. The siblings did not return any of the funds to the investors and used the money for personal gains.
What are the legal consequences for the siblings?
The siblings are facing serious legal trouble due to their involvement in this scheme. They may face charges such as fraud, money laundering, and operating an illegal gambling business, which could lead to significant prison time.