Nguyen Van Duong, the gambling tycoon involved in trillion-dong crimes, has caused a sensation with his illegal activities. This crime boss was simultaneously the former Chairman of the Council of Members of CNC Company. Although there is not much information about Nguyen Van Duong, we know that he was born in 1976 and prior to his arrest, he was the Chairman of the Board of Directors of UDIC Investment Corporation. This company is part of a consortium of investors in the construction project for the Bac Giang – Lang Son expressway.
The criminal process of Nguyen Van Duong began after he established CNC Company and collaborated with Phan Sao Nam and Nguyen Thanh Hoa to https://nguyenvanduong.net facilitate the company’s operations. In early 2015, Nguyen Van Duong accepted Phan Sao Nam’s proposal to release online card games.
With his business relationship with Phan Sao Nam, Nguyen Van Duong instructed his subordinates to sign contracts with Phan Sao Nam’s company to organize online gambling activities through the internet, using games like Rikvip/Tip.Club, Zon/Pen, and 23Zdo. After successfully signing the contract, he directed his subordinates to rent domain names, register trademark messages, and build payment gateways connected to intermediary companies to illicitly profit with amounts up to 1,700 billion dong.
After accumulating a large sum of money from gambling activities, Nguyen Van Duong instructed his subordinates to transfer capital to other companies and used other people’s names to establish businesses and sign fake contracts to withdraw money, thereby increasing the contributed capital value of the company.
Regarding the money obtained from gambling activities, Nguyen Van Duong instructed his subordinates to use the company’s and partner’s identities to transfer the funds back to the company, creating conditions for the legalization of this money as clean money (legal money).
Around 2017, Nguyen Van Duong sold his company’s shares for approximately 330 billion dong and withdrew the money for savings. Prior to being tried, he voluntarily contributed 4.1 billion dong and sold the CNC Company headquarters to pay over 61 billion dong to the investigating agency. The investigating agency also seized various assets and froze more than 8 billion dong in his bank accounts.
On November 30, the People’s Court of Phu Tho Province issued the final verdict against Nguyen Van Duong and Phan Sao Nam in the case of online gambling involving trillions of dong. The trial panel sentenced Nguyen Van Duong to 10 years in prison for two charges: organizing gambling and money laundering. The defendant actively cooperated and remedied the consequences, while voluntarily surrendering money and assets to remedy the crime’s aftermath.