New ICO scam detected by police in Vietnam. Vncoins
Vncoin ( website already collapsed, only left FB page:
https://www.facebook.com/VNcoinsvn-745070342354563/) was officially revealed SCAM
Authorities have arrested Nguyen Huu Tien (34 years old, Chairman of VNCOINS Joint Stock Company), Pham Viet Son (60 years old), and Nguyen Hong Quan (41 years old, in charge of information technology of VNCOINS) to investigate fraudulent misappropriation of property.
On July 17, the investigating policies simultaneously searched six places where are the workplace of the defendants.
According to the case, chairman of OTCMAX Joint Stock Company based in Ho Chi Minh City from August 2016. One year later, Tien changed its name to VNCOINS Joint Stock Company. Although there were no business activities, no investment in any project cooperation but Tien held many seminars calling for investors to cooperate in implementing large projects in Thanh Hoa or even Long Thanh airport
When investors contributing capital, Tiens company signs an agreement, pledging to pay a profit under the investment package, for a continuous 90-day period at 1.8% per day. However, the actual commission and profit that the investor is entitled to is taken from their own capital contributions and from the previous investors
OTCMAX JSC of Tien signed with over 6,000 investors, collected more than 200 billion VNDs = 9 millions $
When investors do not receive a contracted profit came to work and Proposed two options to postponed. Present in both options, Progress is not implemented because the information given is fake.
Sources: cryptoinsidervn.wordpress.com/2018/07/21/cong-ty-da-cap-vn-coin-lua-hon-6-000-nha-dau-tu-bi-bat/