Prosecution of the Chairman of the Gold Time Multi-level Group and his accomplices

On April 2, 2022, the Investigative Police Agency of the Ministry of Public Security issued the conclusion of criminal investigation and transferred all case files to the Supreme People’s Procuracy to propose prosecution of the accused. Nguyen Khac Doi and accomplices Lam Thanh Phong, Ban Van Dung, Tran Huu Hoang, Truong Hoang Ngoc Diep, Nguyen Thi My Hanh, Nguyen Thi Kim Yen and Truong Thi Trung Thanh Truc.

The defendants were prosecuted for the crime of using computer networks, telecommunications networks, and electronic means to appropriate property specified in Clause 4, Article 290 of the Penal Code of the Socialist Republic of Vietnam in 2015 (edited). supplemented in 2017).

Defendant Nguyen Khac Doi – Chairman of the Board of Directors of Golden Time Group Joint Stock Company – Gold Time

The Investigative Police Agency of the Ministry of Public Security suggested that the victims and related people know and contact the Supreme People’s Procuracy for settlement.

According to the investigative agency, in October 2018, Nguyen Khac Doi established Golden Time Group Joint Stock Company (hereinafter referred to as Gold Time Company), headquartered at: 42/1A Nguyen Minh Hoang, Ward 12, Tan Binh district, HCMC. The legal representative is Nguyen Khac Doi, Chairman of the Board of Directors, cum General Director.

The founding shareholders include: Lam Thanh Phong, Truong Hoang Ngoc Diep, Nguyen Thi My Hanh, Ban Van Dung (shareholders only participate in name but have no actual capital contribution).

After its establishment, Gold Time Company did not organize any production or business activities to generate profits, only mobilized capital in the form of enticing and calling on individuals (investors) to pay money to make money. become a member to join the company’s network and enjoy the benefits offered by the company (called “decentralized” purchase by Nguyen Khac Doi and others).

After that, investors continue to entice, call others to join to benefit from “commissions” and bonuses, sell “inside shares” of the company to participants (actually take people’s money). join later to pay the reward and “commission” to the first participant).

With the above operating model, only from October 2018 to now, 361,086 members have signed up for the Gold Time system with 640,575 investment packages, of which only 281,450 investment packages have paid real money with the total amount paid. into Gold Time Company is 844,350,000,000 VND. In addition, many investors pay money to buy “inside shares” of the company that are being investigated and clarified.

The Investigative Police Agency of the Ministry of Public Security issued a decision to prosecute 8 defendants, arrest and temporarily detain 7 defendants for the act of “using computer networks, telecommunications networks, and electronic devices to commit acts of appropriation of financial resources.” property”.

Nguyen Khac Doi confessed that he used the company’s name to buy houses, land, cars, savings and other personal expenses (about 200 billion VND) all of which were purchased by investors. decentralized” and “inside shares”.

According to Viet Hoa