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Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case (apnews.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 66 points 7 months ago (6 children)

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.

[–] [email protected] 32 points 7 months ago* (last edited 7 months ago) (5 children)

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.

From a BBC article

[–] [email protected] 24 points 7 months ago (4 children)

Dang, that's a lotta dong.

[–] [email protected] 2 points 7 months ago

Ha. Thoroughly nose exhaled. 10/10

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