Vietnam's Apax Leaders branch linked to ‘Shark Thuy’ owes $630,000 in taxes amid $323mn fraud case
Vietnam News 20:56 13/10/2026A Ho Chi Minh City branch of Apax Leaders, part of the education empire linked to Vietnamese businessman Nguyen Ngoc Thuy, or ‘Shark Thuy,' owes more than VND16.5 billion (US$630,000) in taxes.
Hong Kong arrests 127 in Vietnamese-led loan-sharking syndicate
World 17:40 11/10/2026Hong Kong police have arrested 127 people, including 37 Vietnamese nationals, in a crackdown on a Vietnamese-led crime syndicate accused of loan sharking, operating illegal gambling dens and unlicensed bars, and helping undocumented immigrants find accommodation and work, according to Hong Kong media.
Vietnamese police bust massive money laundering network linked to Japan
Vietnam News 12:00 11/10/2026Police in Phu Tho Province, northern Vietnam have dismantled a sophisticated transnational money laundering and cross-border currency transfer network linked to fraud in Japan, initially charging seven suspects, according to the Ministry of Public Security.
Fraud at Prudential Life attributed to sales-oriented culture
World 20:06 08/10/2026A corporate culture that placed excessive emphasis on sales performance was cited as a cause of fraud by employees of Prudential Life Insurance Co. who defrauded customers of money, a third-party investigation report showed Thursday.
Egroup fraud probe: How victims’ properties ended up in Vietnamese tycoon Shark Thuy’s wife’s name before being mortgaged
Economy 15:34 28/09/2026Nguyen Ngoc Thuy, known as “Shark Thuy,” founder of Egroup and the Apax Leaders English center chain, allegedly had six properties belonging to nine victims transferred to his wife and a deputy CEO before they were mortgaged for bank loans.
How did Vietnamese tycoon ‘Shark Thuy’ allegedly defraud 10,000 investors of $325 million?
Vietnam News 15:22 26/09/2026Thousands of investors bought shares expecting returns from Shark Thuy’s education business. When funds ran short, he allegedly used 70 percent of money from new investors to pay earlier ones, with the remaining 30 percent transferred to the company.
Vietnamese tycoon ‘Shark Thuy’ accused of $295 million investor fraud
Vietnam News 18:55 22/09/2026Nguyen Ngoc Thuy, founder of Egroup and the Apax Leaders English center chain, is accused of appropriating VND7.677 trillion (US$295 million) from more than 10,100 investors and paying VND32 billion ($1.23 million) in bribes.
Banks warn AI shopping bots raise scam, fraud and data-privacy risks
World 17:53 22/09/2026Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest NWG.L and Bank of America BAC.N said on Tuesday, as they set out principles for developing the technology.
Investors sue Selena Gomez for alleged fraud over mental-health start-up
World 09:50 14/08/2026Singer and actor Selena Gomez was sued on Thursday by investors who say the "Only Murders in the Building" star committed fraud by failing to fulfill duties to build and promote her mental health start-up.
Vietnamese tech tycoon ‘Shark Binh’ faces 10-15 years in prison over alleged money laundering
Vietnam News 22:49 03/08/2026Prominent Vietnamese tech entrepreneur Nguyen Hoa Binh, better known as ‘Shark Binh,’ faces 10-15 years in prison after being indicted for laundering nearly VND320 billion (US$12.5 million) linked to a large-scale investment fraud scheme.
Japan police to crack down on fraud-linked social media posts
World 15:53 02/07/2026TOKYO -- Japan's National Police Agency said Thursday that it plans to add social media posts facilitating romance scams, other fraud and so-called dark part-time jobs to the category of illegal information.
Italian lawyer spends over 4 years pursuing cashew fraud case involving Vietnamese exporters
Economy 17:43 29/06/2026An Italian lawyer has spent more than four years pursuing legal action in a cross-border fraud case involving 100 containers of cashew nuts exported by Vietnamese companies, even after five of the six affected businesses withdrew from the criminal proceedings.
