Articles for tag: gambling operation, Ho Chi Minh City, Huynh Long Nhu, illegal gambling, money laundering, online gambling, Police Investigation

March 16, 2025

Four Siblings Operate $3.8B Gambling Ring Disguised as Cryptocurrency Investment Scheme

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 ...

March 16, 2025

Market News

Crypto

Four Brothers Operate $3.8B Gambling Ring Disguised as Cryptocurrency Investment Scheme, Exposing a Major Fraud Scandal

Ho Chi Minh City police are intensifying their investigation into a large gambling operation led by Huynh Long Nhu and his siblings. They are facing charges for organizing gambling along with nine others, while additional suspects remain at large. The operation, which ran from 2020 until late 2021, included over 25,000 registered accounts and facilitated ...