They are accused of fraud, money laundering, and tax evasion in many places.

Nam, Le Khac Ngo, and Nguyen Thanh Phong, a former police officer, are charged with fraud and money laundering, and they all played important roles in the scam.

Another 177 people are accused of fraud, and Nguyen Thi Thuy is charged with money laundering and tax evasion.

Six others, including Nguyen Hoa Binh and Pho Duc Thang, are charged with money laundering, and Pho Duc Tuan is accused of hiding money from crimes.

In 2017, Nam met a Turkish man named Isik Uran, and they made a plan to create fake websites for trading, which were used to trick people into investing.

These websites were not connected to real markets, so the people running them could keep all the money they made.

Nam told his helpers to set up fake companies to recruit people and to sign contracts for servers and staff.

The scam led to 919 cases of fraud, with people losing nearly 1.56 trillion VND.

Nam is accused of being the leader and of laundering over 560 billion VND by buying properties, gold, and foreign money.

Another man, Ngo, is accused of being involved in 287 cases of fraud and of laundering money by buying properties and gold.