this post was submitted on 11 Apr 2024

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Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case (apnews.com)

submitted 1 year ago by NightOwl@lemmy.ca to c/worldnews@lemmy.ml

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[–] Sludgehammer@lemmy.world 66 points 1 year ago (1 children)

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.

Wow, when your fraud starts being measured in "percentage of GDP" you know you got too greedy.