Nguyen Ngoc Thuy, better known as “Shark Thuy,” has been accused of being primarily responsible for defrauding more than 10,000 investors of over 7.677 trillion VND, while having reimbursed only about 2 billion VND, according to an indictment filed by the Supreme People’s Procuracy. The remaining 206 million shares were sold without authorization, generating 7.677 trillion VND in unreported income. Thousands of victims, billions unrecoveredAuthorities determined that Thuy bears principal responsibility for misappropriating 7.677 trillion VND from 10,063 victims. Corporate oversight and regulatory findingsEgroup was first registered in September 2008 with 32 billion VND in charter capital. By December 2016, the company declared an increase to 962 billion VND.

Source: VietNamNet News December 24, 2025 09:15 UTC