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Market
Will Vietnam implement stricter regulations on stock market manipulation by February 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Vietnamese government announcements and 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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