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Woman swindles $10m in insurance money

Update: October, 18/2013 - 14:00
Bui Thi Thu Hang was also ordered to return the VND211 billion she had swindled from unsuspecting clients.— File Photo

QUANG NINH (VNS) — A former insurance advisor at Prudential branch in Quang Ninh Province was sentenced to life in prison yesterday along with 16 accomplices for operating a $10m fraud operation.

Bui Thi Thu Hang was also ordered to return the VND211 billion she had swindled from unsuspecting clients. According to court reports, Hang created fake receipts and applications for various types of VIP insurance packages to sell to customers.

Her accomplices were also ordered to each repay hundreds of million dong each to make up the VND3 billion owed to victims.

It's still not known exactly how many victims fell prey to this scheme, however the court, stated that Prudential itself was not at all responsible for this case. - VNS

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