In 2028, the public nationwide was shocked by the case of dismantling the online gambling network RikVip. Many people wondered how much profit Nguyen Van Duong gained from RikVip. This was the largest online gambling network in Vietnam, involving various complex individuals, including some state officials. Nguyen Van Duong was the mastermind behind this RikVip gambling case and pocketed over 1.655 trillion Vietnamese dong.
Information about gambling boss Nguyen Van Duong
Nguyen Van Duong, 46 years old, is the chairman of CNC, which was established in September 2011 with an initial capital of 20 billion Vietnamese dong. The company has three main transaction groups: electronic payment services, collection and disbursement services within a 10-year period, and electronic wallet services.
Prior to that, Nguyen Van Duong held the position of Chairman of the Board of Directors of UDIC Investment Joint Stock Company. This company was a member of the consortium of investors in the construction project of the Bac Giang – Lang Son expressway.
In another development, the billion-dollar gambling network led by Nguyen Van Duong was found to have been “protected” by many leaders in the police force. The investigating agencies have determined that Nguyen Thanh Hoa, despite being the Director of Unit C50, did not take any measures to prevent or handle the illegal activities of Nguyen Van Duong.
Information about the Rikvip case
In 2018, Vietnam had a case involving a billion-dollar gambling network, which implicated several leaders in the law enforcement sector and caused a stir in the public https://nguyenvanduong.net opinion at that time. To find out how much profit Nguyen Van Duong gained from Rikvip, let’s go through the key information of the case.
Where was the Rikvip billion-dollar gambling network exposed?
In May 2017, the Phu Tho Provincial Police received a complaint from Ms. Vo Minh P. (in Viet Tri City, Phu Tho Province), who was deceived out of more than 50 million dong through payment by 100 mobile phone cards. Based on the information received, the Phu Tho Police realized the seriousness of the case and formed a special task force to investigate.
After a short period of time, the police identified the suspect who exploited social media to deceive and appropriate Ms. P’s assets. The suspect was Le Van Huy (21 years old, residing in Quang Tri Province). In July 2017, Le Van Huy was arrested for investigation of fraud.
During the investigation, the defendant Huy confessed that he wanted money to support his online gambling addiction. Therefore, Huy used hacking techniques to access the social media account of Ms. P’s relative and sent messages to deceive her, fraudulently obtaining more than 50 million dong and depositing it into the Rikvip online game portal.
It was noticed that all the fraud cases were conducted through the Rikvip portal. From there, the Phu Tho Provincial Police expanded the investigation and uncovered the billion-dollar gambling network led by Nguyen Van Duong.
What was Phan Sao Nam’s important role in the case?
Phan Sao Nam, born in 1979, was known for his position as the former chairman of the board of directors and director of VTC Online Company. He had knowledge and expertise in technology but chose to violate the law. Besides his technical skills, Phan Sao Nam was proficient in both English and Korean.
Phan Sao Nam played a significant role alongside Duong as the person who released the gambling software in the form of the Rikvip/Tip.Club online game. From there, Nam signed a contract with Nam Viet Company to build the infrastructure for online gambling. Nam placed the server in Hanoi and designed attractive reward-based card games to illegally profit with an amount exceeding 1.475 trillion dong. To legitimize this illicit money, Phan Sao Nam entered into percentage-sharing contracts with other companies. His money laundering scheme brought him significant revenue and valuable assets.
