Vietnamese billionaire sentenced to death for $44bn fraud | BBC News 

First billionaire to ever be found accountable for their actions.

Meanwhile in the US, all the people responsible for 2008 are out of jail doing the same shit that nearly destroyed the world economy.

In Vietnam, individuals are not allowed to own more than 5% shares in any bank. The woman used shell companies to buy 90% shares in Saigon bank. Then approved 93% of all the bank's loans to her shell companies.

Long story short, for those who don't really understand this case : In vietnam, each individual is not allowed to own more than 5% share of a bank. Truong My Lan built up multiple ghost companies, each of the companies she own invested in the bank, own a total of 93% share, making her the anonymous owner of it. She also bribed some politician so that she can easily take all the amount of CASH from the bank whenever she want without being caught. The total amount of money she took from it is worth 44 billions dollar but in cash, it's literally just bank robbery without being noticed by the authorities. That's why she being sentenced to death

If she tried to pull this sh!t off in America, she’d be a celebrated politician.

Staggering level of greed. I mean, once you have $1B the next $40 billion isn't going to make much difference to your lifestyle is it?

Respect to the Vietnamese authorities. Greed is destroying the world.

Fun fact: before her execution, she said that she had hidden the $44 billion in a secret location somewhere in the South China Sea, and challenged people to find it.

$44bn is already a lot of people from first world countries. For a developing country like Vietnam, $44bn is unimaginable

How greedy can you be?! 44 billion? What a lunatic.

Defrauding a bank of $44 billion is beyond wild, crazy, and stupid

Greed is a curse.

$44B would give every single Vietnamese worker 3 months of wages.

The worrisome part is not that she did this for eleven years, is the amount of people not caught doing similar things who will never face any consequences

Weird. In the US we reward this type of behavior with freedom and no jail time.

If it were in my country, they will just talk about it in the news for days even months and yet the person won't be held accountable.

$44 Billion!!! Does anyone understand how insane that amount is 😂

If we took this approach in the UK then Parliament would be empty.

She did everything she could to keep her two daughters abroad safe. She handled all illegal acts with her niece and did not let her two children be affected. And the two daughters will enjoy that money. A great mother I'm truly ashamed for her children, driving thousands of people into poverty so they can live happily on stolen money.

I am Vietnamese and to summarize this world-wide case as follows, it notes that Truong My Lan is a woman of Chinese descent, and she is not the only one in charge of this case but she had an agent behind her to plan and carry out this embezzlement for 11 years. Basically, she manipulated the bank and countless related parties with the money that people save in the bank, to lend without collateral and without needing to collect debt, like calling out for project investment and then taking the that capital to create more and more projects and then she laundered the money and sent that large amount of money to Switzerland. She owns a huge of real money that can be easily used directly which are not share and virtual money , so this is called a massive case in the world. When it doesn't mention about her criminal charge, her mind is extremely out of this world.

Vietnamese authorities didn't play around. Let it be an example for other corrupt individuals

Billionaires all over the globe are disconcerted at how popular the sentence seems to be!

These days greed is boundless.

Man they don't play around in Vietnam!

She must have lost her mind. Why did she go to such extremes? A fraction of that money would be enough to last you a lifetime. This was just greed at the highest level.

In the US, she would have been awarded with a taxpayer funded bailout.

Netflix gonna have a field day with this one

GREED has no limit. Imagine the people that have lost their money

She should’ve stayed humble she had enough. Greed kills people

2:05: this is a good question and we know a number of people were dead by unknown reasons when Truong My Lan was captured. We also know that she was watched for years. The Ministry of Public Security has proposed to investigate her several times before but something prevented from happening.

Seriously.. how much is enough.. the power of greed at work..

All the people she bribed and who worked with her on this should also come to justice. She couldn't have done what she did without the cooperation of others.

80 LAWYERS! holy crap she hired the whole firm for her case

I firmly believe that no billionaire is an ethical business person. If not directly committing fraud, they are corrupt, evading tax, exploiting their employees or degrading the environment...one way or another, it is disgusting to have so much money while others have nothing.

Wow. What an amazing happening! I want to know more.

Compared to Sam Bankman-Fried, who got 25 years in jail, this lady was sentenced to death. Sometimes, it’s hard to believe we are living in the same world.

We need a few headlines like this in the US

Imagine the US and UK having such drastic laws.

Lmaooooo she had 10% of Vietnam’s economy in her hands 💀

Comments from so many countries make you realize, people are the same all over the world. Corrupt people are everywhere and their people wish they can get punished, but they somehow get away with it. 😢

Wait, 46B USD is 11% of Vietnam's GDP!!! She stole 1% of GDP every year over the last 11 years! This needs to be made into a movie.

Did she do this all alone? With this much money involved , I imagine there is a huge board room behind this?

Justice done. ⚖️ I rest my case.!

I think India too should apply this law. There are many billionaire tycoons 💰fraudster who have fled to safe house London after looting many banks here in India. And also the India banks blindly trust this tycoons. Vietnamese 🇻🇳law is awesome👏

The court case took 5 weeks. While in America the whole legal & justice system tries its best to let billionaires off the hook. Its almost impossible for any of them to see the inside of prison.

Greed has no boundaries and certainly no limits. To people like this woman and her accomplices, "Enough" is not a word they recognize.

Honestly it's a bit harsh. But i can understand how devastated the effect for the country and all vietnamien

Oh damn. This is the first I've ever heard of a death sentence involving fraud and embezzlement. You certainly don't see that in the US

Now THAT is an example of justice being laid down ! I wish the US justice system would take notes.

No wonder Vietman is progressing so fast as their judicial system works. RESPECT!!!

Wow, are you thinking what I’m thinking?

In some parts of the World billionaires are above the law. Not in Vietnam.

America needs this kind of justice for our corrupt officials.

Talk about being held "accountable" for your actions.

44 billion?! I wonder how she get the death penalty for this...

In the States, we have legalized this kind of fraud thing

i saw this story on the news earlier, and wondered how much money is enough, $44bn is insane, pure greed.

We need more of these penalties in the states

Scammers are absolutely horrible people. My parents committed suicide. And I've been tormented and harrased for 30+ years. I myself have been in and out of mental institutions.

I'm surprised it took so long for Vietnam to notice US$44billion went missing. And US$27 billion is unrecoverable?Why didn't she leave while she was ahead?

Despicable. Greed, for a lack of a better word is bad. Greed doesn't work. Greed is destroying the world.

Can we get this here in the USA? Well, at least for one specific case currently in the courts......

People like this are just unbelievably sick. Those levels of wealth are literally meaningless, just numbers on ledgers, what could one person possibly do with that much money?

After the first billion, you should quit while you're ahead.... 🤔

It’s satisfying to know that I’m living happier with 900$ in my bank account than she is with 44bn$ 😂

It's like stealing all the capital funds of a small nation.

Greed is a special kind of sin . Imagine being worth billions of dollars and still you feel the need to cheat . This kind of accountability needs to go international .

Wouldn't mind if we had that Law here in Ireland 🇮🇪. Plenty of Politicians, CEOs, and Bankers,would be running for there lives. The backhanders , property development, Brown envelopes etc. 🤔🤔🤔🇮🇪

I praise and lift my hat off for Vietnam. Respect.

Should have accounted for the transfers as “Performance Bonuses”…..

Vietnam respecting the rule of law more than the USA, or any other western "democracy" where billionaires are untouchable. What a time to be alive.

$44 billion USD wow! Just for context, the GDP of Vietnam was $408.8 billion USD in 2022. So 1 person took 10% of Vietnam's GDP in a country with a population of 98 million people.

god forbid they ever investigate the UK's property "developers/investors"

Vietnam's GDP is about 410 billion USD per year. So for 10 years, she managed to sneak off 1% every year? The scale is almost improbable. There's obviously a large network of collaborators that is just as guilty. And who is going to pay for it all? Yeah, it happens on the back of ordinary people...

Philippines 🇵🇭 will loose all of its Politicians if we have the same laws and efficiency as Vietnam 🇻🇳 Kudos Vietnam!

They need to do this world wide instead of just bail outs. It would keep them in line

When greediness , no contentment nor satisfaction attract!

A "properter developer" committing "brank ford!" Brilliant 😂

In India, Billionaires go to London after siphoning off billions and live lavishly. Vijay Mallya, Nirav Modi, Lalit Modi, Chowksey etc. Indian politicians are hand in glove with corrupt businessmen and the loot of the nation continues even after the Britishers left. It is only poor who die of shame he faces in not being able to return a few thousand. Wish that Indian politicians had such intolerance for corruption.

$44B is just over 10% of Vietnam's GDP.

Death sentence seems legit for a crime of this magnitude.

This doesnt make people kill an individualllll.who of them all have never sinned...........its money.....its not a mass murder or genocides....the whole world is filled with corruption

I’m glad to see that justice still exists somewhere on planet earth. There’s little or none left in America. People are even allowed to freely commit crimes In some cities and the rich, famous and politicians are almost untouchable.

She must’ve pissed off some of her billionaire colleagues for them to rat her out like this.

when things at this scale could go on unnoticed for years, while the government tax collector would notice every dollar that you missed 😅

Hundreds of lawyers went through 6 TONS of documents for this case. What a nightmare. And the full extent was only brought out into the open because of her driver's notebook that logged billions of cash withdrawn

I wonder how many thousands of deaths her crime led to...

Pardon my language, but Vietnam don't fuck around, goddamn.

What a contrast vs Malaysia’s 1MDB.

2:38 "Normally the death penalty is not usually handed down on women". I am pretty sure Vietnamese legal code don't make gender-based discrimination as far as corruption is concern. The amount of money involved is all what matters here.

My RESPECT towards Vietnam went Sky high. I’m an Indian and I will say that “India’s political, judiciary, police and Indian society itself have lot to learn from The Great Vietnam and shame Indian infrastructure. Please know I’m an Indian.

I'm surprised they sentenced her to death. I thought she was going to get life in prison

Greed Greed Greed.. it overcomes what is right and what is wrong.

If you steal from the bank it's a death penalty if bank steals off you it's pay a fine and you can go again

Why India is not doing this instead they write off after taking a cut

Wouldn't a life sentence without possible parole suffice for her crime, serious as it is?

There's also major corruption in the real estate market in London ...ranging over 20 odd years.

It's a shame we here in the USA don't treat our own "billionaire" con men this way. We would have a more just society if we did.

Just a bit harsher than the five years she would have got in the UK.

Looks like $44 Billion dollars can't be taken to grave.