this post was submitted on 11 Apr 2024
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[–] [email protected] 214 points 7 months ago* (last edited 7 months ago) (7 children)

Meanwhile in the usa... Our very own real estate fraudster with 91 felony charges is the pick of 50% of the country to be president.

That was bizarre to type. I can't believe this is reality.

[–] [email protected] 80 points 7 months ago (1 children)

You didn’t even mention the raping

[–] Zehzin 24 points 7 months ago (3 children)

We're taking about the rich, it's implied

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[–] [email protected] 38 points 7 months ago

Trump has more felony charges than Biden has years of age

[–] [email protected] 17 points 7 months ago

'Nam wins again.

[–] ghostface 8 points 7 months ago (2 children)

Or the fact the other real estate fraudsters who admitted dont convict Trump of the crime we are also doing!

I can't say nothing will happen to them as I thought, nothing would happen to Trump and here we are.

I also have a biy more respect for giving someone enough rope to hang themselves. If Trump would of been stopped before his presidency, due to all of the reason any previous candidate would of been disqualified. We wouldn't be here either.

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[–] Sludgehammer 63 points 7 months ago (1 children)

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Wow, when your fraud starts being measured in "percentage of GDP" you know you got too greedy.

[–] [email protected] 30 points 7 months ago* (last edited 7 months ago) (1 children)

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.

From a BBC article

[–] [email protected] 25 points 7 months ago (4 children)

Dang, that's a lotta dong.

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[–] [email protected] 58 points 7 months ago (12 children)

I think people like her deserve to spend the rest of their lives in prison, but no crime, no matter how severe, deserves a death penalty.

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[–] [email protected] 32 points 7 months ago (2 children)

I don't believe these things happen because of great work or investigations, she must have stepped on someone else's toes or something, that's the only way influential people go down...

[–] Diplomjodler3 48 points 7 months ago (1 children)

There's your answer:

Her actions “not only violate the property management rights of individuals and organizations but also push SCB (Saigon Joint Stock Commercial Bank) into a state of special control; eroding people’s trust in the leadership of the Party and State,”

[–] pdxfed 12 points 7 months ago

When rich people get affected, people go down

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[–] [email protected] 26 points 7 months ago

Finally some good fucking news!

Now if only we could do this to blackrock execs in burgerland

[–] jwing 25 points 7 months ago (1 children)
[–] [email protected] 13 points 7 months ago

Do both the genocidal candidates actually

[–] [email protected] 25 points 7 months ago
[–] antidote101 22 points 7 months ago* (last edited 7 months ago) (17 children)

Doing a multi billion dollar realestate fraud, in a semi-communist "Socialist Oriented Market Economy"....

...yeah the penalty is gonna be on the steep side. Landlords, rent seekers, and fraudsters aren't looked upon nicely anywhere, but particularly so in a country with that relationship to communism.

Landlords aren't generally considered communal minded. Fraud isn't good for the community, it's not done for the collective good.

The immune system of the masses has weeded out the what was going on here, and will deal with it via putting the perpetrator to death. Making sure this outrageous and damaging conduct will not continue or be encouraged.

It's a tough call, and they're making it.

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[–] [email protected] 21 points 7 months ago

sucks to be a criminal billionaire in a socialist-ish country

[–] [email protected] 19 points 7 months ago

Vietnam continues to win.

[–] [email protected] 18 points 7 months ago (1 children)

I don't support the death penalty, but I do support harsh punishment for this kind of massive scale fraud.

[–] Dasus 6 points 7 months ago

Completely agree, the death penalty isn't necessary, but I am glad of the message this sends to some rich folk. Probably mostly Vietnamese ones, but still.

[–] [email protected] 18 points 7 months ago (1 children)

I'm usually not fond of the death penalty, but these are the kind of people it should be reserved for.

[–] [email protected] 20 points 7 months ago (3 children)

Meh, could have just as easily seized her assets and prison forever

[–] [email protected] 13 points 7 months ago

iirc the death sentence is just being used as a motivation for her to return all the stuff she got from corruption and if she does it'll be downgraded to life in prison

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[–] Zehzin 18 points 7 months ago (5 children)
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[–] [email protected] 14 points 7 months ago (3 children)

Has the death penalty been used for this sort of crime before in Vietnam and has it been effective at deterring others in a measurable way?

[–] [email protected] 16 points 7 months ago (3 children)

Has the death sentence been a deterrent for any crime?

[–] CluckN 10 points 7 months ago (1 children)

Singapore kills drug dealers which is a bit scary.

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[–] [email protected] 15 points 7 months ago

In Vietnam? Not sure. The French seemed to have a lasting benefit from doing this to every landlord they could lay hands on in the late 1700s, though.

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[–] LazyPhilosopher 13 points 7 months ago

Great for them! Happy for you Vietnam 🙂

[–] [email protected] 12 points 7 months ago

Wait, so in other countries… fraud has consequences?

…negative consequences?

[–] [email protected] 8 points 7 months ago (9 children)

I read the article and I know her fraud was extensive but - anyone else feel like the death penalty for fraud is a bit over the top?

[–] [email protected] 21 points 7 months ago (1 children)

12.5 billion in fraud? Nah.

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[–] [email protected] 21 points 7 months ago* (last edited 7 months ago)

It's not just "fraud." She cost people's livelihood, broke up families, and made people homeless directly through her actions. Even speaking as a marxist, banking isn't all intangible made up stuff. There are real individuals suffering consequences, and most of them aren't just rich people doing rich people things.

[–] [email protected] 17 points 7 months ago

Personally, I don't think she should ever be allowed to die until she pays back her debt to society. Death is too easy.

[–] [email protected] 8 points 7 months ago

I don't think anyone should suffer the death penalty, but I also think that there must exist some amount of generalized damage that is enough to cause surplus deaths

[–] [email protected] 8 points 7 months ago

A death sentence is always excessive.

Fraud should be punished heavily though. Someone or several someones probably already died as a consequence of that money missing in the system. I'm not sure if a long jail sentence would be much better, with her being 67 it's a death sentence either way.

In my opinion they ought to follow the money. It's impossible for these amounts to just disappear or to have been used by her. It would make sense to keep her alive if there's any chance of recovering more of that lost money. But maybe that's the point.

[–] [email protected] 8 points 7 months ago

Whether the death penalty should exist at all is a separate question, but Marxists generally recognize Engels’ conception of social murder.

When one individual inflicts bodily injury upon another such that death results, we call the deed manslaughter; when the assailant knew in advance that the injury would be fatal, we call his deed murder. But when society places hundreds of proletarians in such a position that they inevitably meet a too early and an unnatural death, one which is quite as much a death by violence as that by the sword or bullet; when it deprives thousands of the necessaries of life, places them under conditions in which they cannot live – forces them, through the strong arm of the law, to remain in such conditions until that death ensues which is the inevitable consequence – knows that these thousands of victims must perish, and yet permits these conditions to remain, its deed is murder just as surely as the deed of the single individual; disguised, malicious murder, murder against which none can defend himself, which does not seem what it is, because no man sees the murderer, because the death of the victim seems a natural one, since the offence is more one of omission than of commission. But murder it remains.

[–] Olhonestjim 8 points 7 months ago

Just about the only thing I agree with for the death penalty. Everything else can be reformed or quarantined. Wealth and power are cancerous. Doesn't matter where they are, they will never stop trying to take over, and total destruction is the only way to ensure they never get loose to wreak havoc on millions of us ever again.

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[–] [email protected] 5 points 7 months ago

This is the best summary I could come up with:


The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Lan and her family established the Van Thing Phat company in 1992 after Vietnam shed its state-run economy in favor of a more market-oriented approach that was open to foreigners.

She had started out helping her mother, a Chinese businesswoman, to sell cosmetics in Ho Chi Minh City’s oldest market, according to state media Tien Phong.

Van Thinh Phat would grow to become one of Vietnam’s richest real estate firms, with projects including luxury residential buildings, offices, hotels and shopping centers.

She indirectly owned more than 90% of the bank — a charge she denied — and approved thousands of loans to “ghost companies,” according to government documents.

In November, Communist Party General Secretary Nguyen Phu Trong, Vietnam’s top politician, said that the anti-corruption fight would “continue for the long term.”


The original article contains 621 words, the summary contains 159 words. Saved 74%. I'm a bot and I'm open source!

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