Online gambling ring broken up in Bac NinhAn online gambling ring involving over VNĐ152 billion (US$6.6 million) was busted on Monday in Que Vo District of northern Bac Ninh Province. These people opened accounts on a gambling website and exchanged real cash for virtual money to gamble. VNĐ1 million ($44) of real cash is exchanged for VNĐ1.1 million ($47) of virtual money. Virtual money won in the games is then exchanged for real money. The police seized more than VNĐ1 trillion ($43.9 million) from the gambling ring, and found that an estimated $3.6 million in foreign currencies was transferred to overseas accounts.

Source: VietNamNet News May 16, 2018 07:30 UTC