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Vietnam busts another multi-million dollar online gambling ring

Vietnam busts another multi-million dollar online gambling ring By Ba Do    June 23, 2018 | 09:33 am GMT+7 Police officers perform procedures to arrest an alleged online gambling organizer in Ho Chi Minh City. Photo courtesy of the Ministry of Public Security The 12bet portal allegedly drew thousands of Vietnamese players with bets worth over $26 million. Vietnam's cyber crime police announced on Friday they had busted an online gambling ring through the web portal 12bet. As part of the operation, police in Ho Chi Minh City have arrested and searched houses of Vo Van Nghia, Vo Van Hoa, Do Thi Tu Anh and Phan Thanh Hoang for organizing gambling. Another four suspects have also been summoned and had their houses searched for gambling. Police seized a total of over VND300 million ($13,000) in cash, multiple computers and phones during the searches. According to the cyber crime police, the online gambling portal 12bet was launched in 2007 by a foreign company. The site has since attracted thousands of players in Vietnam with a variety of gambling games such as sports betting, online casino and online lottery. Players joining the site are required to create accounts and pay the operators real money through online banking in return for virtual currency, which they can spend on the gambling games. Vietnamese police first discovered the ring, which has netted a total of over VND600 billion ($26.25 million) in transactions between the organizers and players, in early 2017.

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