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Will other high-profile Vietnamese business figures be charged with similar crimes by August 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Vietnamese state media reports
Story
Vietnamese Billionaire Tycoon Sentenced to 21 Years for $150 Million Fraud
Aug 5, 2024, 11:24 AM
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.
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Similar markets
Another real estate tycoon • 25%
A government official • 25%
A financial sector executive • 25%
Other individual • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Repays $9 billion and sentence commuted to life • 25%
Fails to repay and remains on death row • 25%
Receives presidential pardon or clemency • 25%
Other outcome • 25%
Death penalty abolished for economic crimes • 25%
Death penalty retained but with amendments • 25%
No changes • 25%
Other reforms • 25%
Yes • 50%
No • 50%
