Series
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Billionaire Sentenced to Death

April 12, 2024
A rags-to-riches billionaire was sentenced to death in Vietnam for a $12.5 billion fraud case.
the details
Vietnamese businesswoman Truong My Lan, 67, was sentenced to death in Ho Chi Minh City for a $12.5 billion fraud scheme, a sum that amounted to 3% of Vietnam’s GDP in 2022.

Lan started out selling cosmetics and later established...
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Show transcript
00:00
Vietnamese. Businesswoman Chuang Malan was sentenced to death for a $12.5
00:07
billion fraud case that made up 3% of the country's GDP.
00:13
So how do you even steal $12.5 billion?
00:18
Like dude, I have no idea.
00:20
LA and her family started selling cosmetics later they built one of
00:25
Vietnam's richest real estate companies in 2011.
00:30
She took part in a bank merger which authorities say allowed her
00:34
to own 90% of the bank.
00:36
Bing Bing Bing. That's why documents say documents say that lon
00:42
orchestrated $12 billion in loans to ghost companies that she owned.
00:50
Damn she was, she was,
00:53
yeah, it was orchestrating the low key about it.
00:56
She was approving bank loans to herself resulting in bank losses of
01:03
$27 billion. She also allegedly bribed bank personnel with millions of
01:10
dollars. I wish I would have known her during this time
01:14
She was just throwing money at anything.
01:15
Jeez the fraud case was prosecuted by Vietnam's ruling Communist Party which
01:21
is cracking down on corruption.
01:23
85 people have been charged in la's scheme including family members and
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employees like her driver.
01:30
So I mean Dan in Vol.
01:33
I would have been in Vol if I would have been,
01:36
if I would have been in her circle.
01:37
Honestly, I'd be like,
01:38
oh, you know,
01:40
Stupe IED out in court,
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I'll be out in court like I had no idea this money
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was coming from, you know,
01:46
stolen at land sentencing.
01:49
The judge said that her control of the bank eroded trust in
01:53
the leadership of the party and state.
01:56
She plans to appeal her death sentence.
01:58
Leadership of party and state.
02:00
That lady was partying and not that kind of party.
02:03
She's getting down 12.5 billion.
02:05
Yeah, I don't even know what to do with that money
02:07
To be honest,
02:08
bro. Look how many people went down with her 85 people
02:11
She was paying off everybody,
02:14
the dog walker, Tomo,
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Mi Ramos Quepasa. I hope she don't die though.
02:20
Like, yeah, that kind of death has a price.
02:23
Yeah, I don't know about death 25 though.
02:27
She probably stole from people that needed the money in the country
02:30
I will, I mean,
02:31
we'll just have to see but anyhow,
02:34
let's move on.