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DeepNewz, mobile.
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Former real estate tycoon and billionaire Trinh Van Quyet has been sentenced to 21 years in prison after being found guilty of stock manipulation and fraudulent appropriation of assets. Vietnamese state media reported that Quyet, a prominent business tycoon, defrauded stockholders of nearly $150 million by falsely inflating the value of his company in a pump and dump scheme. The verdict was delivered by a Vietnamese court, marking a significant corporate fraud trial in the country.
A prominent Vietnamese business tycoon was found guilty Monday of defrauding stockholders of nearly $150 million by falsely inflating the value of his company. https://t.co/R9vPfkb4e5
Vietnamese billionaire tycoon found guilty of defrauding stockholders, sentenced to 21 years https://t.co/gsTr2JyLg6
Today a #Vietnamese court sentenced billionaire Trinh Van Quyet to 21 years for defrauding investors. I wrote about his pump and dump scam and why it’s not just another corporate fraud trial for @RadioFreeAsia. https://t.co/XvqAuV0BX3
