Shark Thuy Indicted for Alleged $350 Million Fraud Against 10,000+ Investors
Nguyen Ngoc Thuy, known as 'Shark Thuy,' a prominent investor in Vietnam, has been indicted for alleged fraud within the Egroup education ecosystem. He is accused of misappropriating nearly VND 8.5 trillion (approx. $350 million) from over 10,000 individuals, sending shockwaves through the country's education sector.
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- Shark Thuy Indicted for Alleged $350 Million Fraud Against Over 10,000 Investors
Nguyen Ngoc Thuy, known as "Shark Thuy," chairman and CEO of Egroup, has been indicted by the Supreme People's Procuracy for allegedly defrauding over 10,000 investors of nearly VND 8.5 trillion (approximately $350 million). He faces charges of asset appropriation through fraud, bribery, and receiving bribes, along with 28 co-defendants.