Shark Bình colludes with Mr Pips to provide misleading information to investigators in a money-laundering case

On the afternoon of April 3, at a press briefing on the situation and results of the police work in the first quarter of 2026, Lieutenant Colonel Nguyen Duc Long, Deputy Director of Hanoi Police, reported on the case involving defendant Nguyen Hoa Binh (Shark Binh, Chairman of NextTech Group). According to Lieutenant Colonel Nguyen Duc Long, in October 2025, Hanoi Police prosecuted Shark Binh and 10 others for Fraud to appropriate property, and violations of accounting regulations causing serious consequences. Subsequently, Binh was additionally prosecuted for Tax Evasion. "Through investigation and expansion of the case, in addition to the offenses at the three charges above, the investigation has clarified the money-laundering conduct by Shark Binh. The defendant Binh has laundered money with accomplices for the criminal group of Mr Pips Phó Đức Nam," Long emphasized. The defendant Nguyen Hòa Bình (Shark Bình). The Deputy Director of Hanoi Police said that from June 2020 to September 2022, more than 120 victims deposited money into Binh's Ngân Lượng wallet to invest in Mr Pips's electronic trading platform. In particular, in June 2020, Hanoi Police verified deposit activities; Nguyen Hòa Bình knew that Nam's platforms violated the law, but ordered staff to collude with Nam's group to provide misleading information to investigators. During the course of the crime, the subjects demonstrated acts of concealing law enforcement. Lieutenant Colonel Long added that investigators are actively seizing assets derived from the crime and seizing assets of the suspects to compensate the victims. "Hanoi Police have been very proactive in verifying assets and fund flows of Shark Bình, thus recovering more than 900 billion VND to support the victims," a Hanoi Police official said. Shark Bình is currently a defendant in two criminal cases. First, in the Mr Pips Phó Đức Nam fraud case involving 1,300 billion VND, Shark Bình is accused of money laundering for Mr Pips's forex platform, receiving investor funds via the Ngân Lượng wallet totaling 214 billion VND. In this case, the investigation agency (Cơ quan CSĐT) of Hanoi Police requested indictment for Money Laundering. Second, in the case related to the Antex cryptocurrency project, Shark Bình is being held by Hanoi Police to investigate three charges: Fraud to obtain assets, Violations of accounting regulations causing serious consequences, and Tax Evasion. The Hanoi Police Investigation Agency's initial findings indicate that Nguyen Hòa Bình and the project’s founding shareholders of the Antex project withdrew money from 30,000 investor wallets, appropriating a particularly large amount. Source: Minh Tuệ VTC