Article: Investigate ‘trash stocks’ manipulation, investors request finance ministry

Article - Media

Investigate ‘trash stocks’ manipulation, investors request finance ministry

Dat Nguyen, 16 June 2021

An investors’ association has requested the finance ministry to investigate suspicions that “trash stocks” on the HoSE are being manipulated to several hundred times their actual value. Some of the “trash stocks” are even listed in the VN30 basket which comprises the 30 largest capped stocks on the Ho Chi Minh Stock Exchange (HoSE), the Vietnam Association of Financial Investors (VAFI) said in a statement.

For instance, investors have been asking questions about the surging price of RIC shares of the Royal International Corporation, operator of the largest casino in the northern province of Quang Ninh. Continue reading “Article: Investigate ‘trash stocks’ manipulation, investors request finance ministry”

Article: Online Vendor Pleads Guilty to $5 Million Postage Fraud Scheme

Article - Media, Publications

Online Vendor Pleads Guilty to $5 Million Postage Fraud Scheme

Daniel C. Silva, 13 April 2021

SAN DIEGO ­– Cuong H. Nguyen pleaded guilty in federal court today to conspiring to engage in a wide-ranging postage counterfeiting, forging, and tampering scheme that, over the course of multiple years and more than 160,000 packages, deprived the U.S. Postal Service of approximately $5 million of postage due and owing.

Special Agents from U.S. Postal Inspection Service, IRS Criminal Investigation, and the Financial Investigations and Border Crimes Task Force (the “FIBC” – a multiagency Task Force based in San Diego and Imperial Counties, and funded by the Treasury Executive Office of Asset Forfeiture) led the investigation. Continue reading “Article: Online Vendor Pleads Guilty to $5 Million Postage Fraud Scheme”