|Nguyen Cong Danh on the court. – Photo nld.com.vn
HCM CITY (VNS) — The former head of the Son Ky market management board in HCM City was sentenced to 13 years in prison yesterday for committing fraud involving more than VND7 billion (US$318,000).
Nguyen Cong Danh, 36, was accused of forging documents related to the market's kiosk use to cheat Huynh Van Phuong of VND5.7 billion ($259,000) over a period of six months, from July to December 2010.
Danh and Phuong had planned to speculate on the market's kiosks, hoping to earn a profit. Phuong provided cash for the purchases, while Danh was in charge of selling the kiosks later.
After receiving cash from Phuong to buy the kiosks, Danh forged kiosk use documents to fool Phuong and kept the money.
Danh used the same trick to cheat Dinh Thi Lap and Pham Thi Sim of VND620 million ($28,000) and VND700 million ($31,800), respectively.
The HCM City People's Court ordered Danh to return the money to his three victims. — VNS