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Police in Thanh Hoa province have arrested nine people for conducting illegal online gambling operations. The Police department is still in search for the gang’s leader, Tran Quang Truong.
The organisers of the gambling ring had set up a system of tier 1 and 2 agencies through which their clients could buy virtual money to play online card games. They could convert the virtual money back into cash whenever they wanted. The clients could make their transactions either directly at the agencies or through banks.
The total value of the transactions have been estimated nearly $170 million and the police have frozen more than $256,000 in many bank accounts as part of their investigation.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Vietnam Police Cracks Down Illegal Online Gambling Ring
