200 arrested in Ho Chi Minh City for $23M 'holiday membership' scam (opens original article in a new tab)

Over 200 individuals were arrested in Ho Chi Minh City for a $23 million scam involving fraudulent 'holiday membership' contracts, with police seizing 5,563 contracts and VND600 billion. Similar scams in Hanoi led to arrests of 27 companies and 17,000 contracts.

• Nearly 200 people arrested in Ho Chi Minh City for a $23 million holiday membership scam
• Fraud involved 5,563 contracts with victims promised high returns on vacation packages
• Hanoi police also arrested 27 companies in similar scam with 17,000 contracts