VietNamNet Bridge - According to the police, a multi-level marketing (MLM) company named Tam Mat Troi Investment Corporation was discovered to swindle up to 39,000 people throughout the country.
The Ministry of Public Security’s Southern Office said that the High Technology Crime Investigation Bureau (C50) and the Social Order Crime Investigation Bureau (C45) are investigating fraudulent activities of the Tam Mat Troi Investment Corporation.
According to the firm’s advertisement, its head offices are based on Song Da road, Ward 2, Tan Binh District, Ho Chi Minh City and in a building on Nguyen Dinh Chieu road, Da Kao Ward, District 1, HCM City. In addition, it has branches in 30 provinces and cities.
The police arrested and searched the workplace and home of the company’s director Nguyen Hoang Vu, 31, and five others on October 20. The police seized a lot of documents and exhibits for investigation.
This company is advertised as a member of the Vietnam E-commerce Association, with a contingent of staff who are well-trained technicians and leading experts in e-commerce. But according to investigation, this firm is actually a multi-level marketing network, using sophisticated swindling tricks.
To own an e-shop, each participant had to pay VND6 million ($300) to the firm. The firm’s managers stated that joining this network, members would be able to purchase goods at a much cheaper price than the market price.
The company also asked members to attract new members for the company. With each successful introduction, the company gave bonus of VND1.5 million.
According to the police, about 39,000 people throughout the country became members of this company but so far, no one has bought any goods from it.
Many people denounced this swindling firm to the police.
The police are expanding investigation into the activities of this firm and its branches in provinces.
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