Vietnamese arrested in $14 mln Prudential insurance scam

TN News

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A former saleswoman of insurance company Prudential Vietnam in the northern region has been arrested while on the run with more than US$14 million she cheated from local people by lying about a special offer.


Bui Thi Thu Hang, 27, and her husband were arrested Thursday at a hotel in the central coastal province of Khanh Hoa after they'd fled from Quang Ninh, news website VnExpress said Sunday.


The couple were planning to go south and escape overseas, police said.


In April 2010, Hang told locals she was the head of the Prudential branch in Quang Ninh and that they were giving insurance policy holders a 50 percent bonus when the contracts expired in three months.


The woman gained trust by appearing professional and holding conferences at local hotels and hiring people, including foreigners, to speak at the conferences as leaders of Prudential.


She also sent well-dressed people in cars to collect money from the customers.


One of the victims, Tran Thi Chien, was happy after receiving VND100 million returns on an investment of VND200 million. She then mortgaged her house at a bank and borrowed from her family to give Hang more than VND5.1 billion, the Lao Dong said Saturday.


Among 100 victims were three people who gave Hang VND26 billion, VND14 billion and VND20 billion each.


The police have said all receipts given to the customers used fake Prudential stamps.


According to the police, the money Hang had fraudently obtained might be more than the police are aware of at present, as not all the victims have presented themselves.


Hang was employed by Prudential Vietnam in August 2009 but the insurer ended the contract July this year after she violated some regulations.

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