Online gambling ring defendant returns $22 millionPhan Sao Nam, the mastermind behind the Rikvip online gambling ring, has pleaded guilty and returned VND500 billion ($22 million). Defendant Phan Sao Nam, the mastermind behind the online gambling ring. Throughout the inspection of the multi-million dollar online gambling ring, the Phu Tho investigation agency determined that Nguyen Van Duong (former chairman of high-tech security development company CNC) and Phan Sao Nam (former chairman and director of VTC Online) were the masterminds behind the ring. Defendant Nguyen Van Duong has earned VND800 billion ($35.25 million) from the gambling ring, but the investigation agency only seized VND100 billion ($4.4 million) from his savings books. The investigation agency also revealed that the $3.5 million Phan Sao Nam deposited in Singapore would be seized soon.


Source:   VietNamNet News
April 11, 2018 08:48 UTC