Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case

Meanwhile in the usa... Our very own real estate fraudster with 91 felony charges is the pick of 50% of the country to be president.

That was bizarre to type. I can't believe this is reality.

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Wow, when your fraud starts being measured in "percentage of GDP" you know you got too greedy.

I think people like her deserve to spend the rest of their lives in prison, but no crime, no matter how severe, deserves a death penalty.

I don't believe these things happen because of great work or investigations, she must have stepped on someone else's toes or something, that's the only way influential people go down...

#victimsOfCommunism UwU

Finally some good fucking news!

Now if only we could do this to blackrock execs in burgerland

Now do Trump

Doing a multi billion dollar realestate fraud, in a semi-communist "Socialist Oriented Market Economy"....

...yeah the penalty is gonna be on the steep side. Landlords, rent seekers, and fraudsters aren't looked upon nicely anywhere, but particularly so in a country with that relationship to communism.

Landlords aren't generally considered communal minded. Fraud isn't good for the community, it's not done for the collective good.

The immune system of the masses has weeded out the what was going on here, and will deal with it via putting the perpetrator to death. Making sure this outrageous and damaging conduct will not continue or be encouraged.

It's a tough call, and they're making it.

sucks to be a criminal billionaire in a socialist-ish country

Great for them! Happy for you Vietnam 🙂

Vietnam continues to win.

I'm usually not fond of the death penalty, but these are the kind of people it should be reserved for.

Has the death penalty been used for this sort of crime before in Vietnam and has it been effective at deterring others in a measurable way?

I don't support the death penalty, but I do support harsh punishment for this kind of massive scale fraud.

Vietnam, still undefeated

I read the article and I know her fraud was extensive but - anyone else feel like the death penalty for fraud is a bit over the top?

This is the best summary I could come up with:

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Lan and her family established the Van Thing Phat company in 1992 after Vietnam shed its state-run economy in favor of a more market-oriented approach that was open to foreigners.

She had started out helping her mother, a Chinese businesswoman, to sell cosmetics in Ho Chi Minh City’s oldest market, according to state media Tien Phong.

Van Thinh Phat would grow to become one of Vietnam’s richest real estate firms, with projects including luxury residential buildings, offices, hotels and shopping centers.

She indirectly owned more than 90% of the bank — a charge she denied — and approved thousands of loans to “ghost companies,” according to government documents.

In November, Communist Party General Secretary Nguyen Phu Trong, Vietnam’s top politician, said that the anti-corruption fight would “continue for the long term.”

The original article contains 621 words, the summary contains 159 words. Saved 74%. I'm a bot and I'm open source!

More of this.

1 down, 2780 to go.

Let's keep the kill streak going!

Wait, so in other countries… fraud has consequences?

…negative consequences?

Is this what equal opportunity under the law looks like?

Can we make some kind of fried rice/stir fry with her butt meat

Are they wearing the same lipstick? She must have pissed off a high ranking communist.

They do love their state murders in Asia

death penality is for weak countries