Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
Real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said.
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.
Trump has more felony charges than Biden has years of age
'Nam wins again.
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.
50% of the voters
Finally some good fucking news!
Now if only we could do this to blackrock execs in burgerland
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...
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,”
You must be from VN to know that thing. That's for real though
Vietnam continues to win.
Now do Trump
Do both the genocidal candidates actually
This but unironically.
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.
I'm usually not fond of the death penalty, but these are the kind of people it should be reserved for.
Meh, could have just as easily seized her assets and prison forever
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
Dead panalty is cheaper option.
Great for them! Happy for you Vietnam 🙂
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?
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.
Has the death sentence been a deterrent for any crime?
No it's a big show for statists to show how strong and dominating they are. It's not about your lowly practical concerns. It doesn't even matter of they kill the right one. As long as blood is spilled. The anger of the masses will be sated for a little while and all will know there is no escape from the violence of the state.
I dunno, try it and find out?
The death penalty in this case isn't to deter future crime of the same type. It's to remove a specific type of malignant cancer from society and ensure that it can't spread to others. All of her cohorts that could be punished were sentenced for a range of time and a fine as is appropriate.
Wait, so in other countries… fraud has consequences?
…negative consequences?
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?
12.5 billion in fraud? Nah.
Just seemed to have no logical end point. Like stop, you've got yours, retire from the game before you die... Well, now she's going to die early. That's heavy but it's the path she chose.
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.
Personally, I don't think she should ever be allowed to die until she pays back her debt to society. Death is too easy.
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.
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.
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
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.
Absolutely.
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!
More of this.
1 down, 2780 to go.
Let's keep the kill streak going!
Is this what equal opportunity under the law looks like?
Are they wearing the same lipstick? She must have pissed off a high ranking communist.
They do love their state murders in Asia