Financial fraud articles
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A $12 billion financial fraud case highlights risks in Vietnam
A mega-fraud case has rocked Vietnam, shining a spotlight on the emerging economy that is positioning itself as an alternative to China.On Thursday, Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud that took place over the course of a decade — which amounts to about 3% of the country's GDP. Prosecutors allege the damage from the fraud could reach $27 billion.Lan, the chairwoman of real-estate developer Van Thinh Phat Group, was arrested in...
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Trump’s deal over $175 million fraud bond gives him financial breathing room
The former president's lawyers agreed to certain restrictions pertaining to the cash collateral for the bond.
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Vietnamese property tycoon sentenced to death in country’s biggest ever financial fraud, state media reports
The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest ever financial fraud case.