Vietnamese broker gets 18 years for defrauding Australian investor of $3.2mn

April 18, 2024

Soan told Koon that the mine had been granted a permit for exploration, had large reserves and was expected to generate high profits. The woman also said she would buy shares from SACO and then transfer them to Koon. The man believed in Soan and kept wiring money to her, bringing the total amount he transferred to her to $3.2 million. At court, Soan rejected the indictment and retracted her previous testimonies to investigators, insisting that she was innocent. She claimed that the $3.2 million had been transferred by three foreign companies as support for her, not Koon’s money.

The source of this news is from Tuoi Tre News