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Vietnam jails American for trying to sell fake stocks

Vietnam jails American for trying to sell fake stocks

A court in northern Vietnam sentenced an American man to 13 years in prison for trying to dupe people swept up in Vietnam's stock market mania, a court official said Thursday.
Ly Huu Hoang, 62, of California, was convicted of fraud Wednesday in Vietnam's northern port city of Haiphong, said presiding judge Tran Huu Khoat. He was found guilty of counterfeiting stock certificates and trying to sell them to eager local investors.
Two of Hoang's associates, local businesswomen Lam Thu Huong and Tran Kim Sen, were sentenced to eight years and seven years respectively on the same charges, Khoat said.
The three printed share coupons with a face value of 95 billion dong (US$5.9 million;


Updated : 2021-05-08 06:02 GMT+08:00