The platform “Toàn Dân Nuôi Bò” offered people 5,000 yuan to sponsor a beef cow in Australia with annual returns of up to 15%, but it had no partner farms and used images pieced together from the internet. It illegally raised over 560 million yuan (about 2,166 billion VND) from more than 120,000 investors, yet only about 8 million yuan was used to buy beef, with most of the rest paying principal and returns to earlier investors. Losses were reported at over 40 million yuan (about 154.71 billion VND). On 7 April 2026, the Xuhui District People's Court in Shanghai sentenced the operator, surnamed Trương, to 10 years and 6 months in prison.
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Original headline: Xuất hiện hình thức lừa đảo mới kỳ lạ đã khiến 120.000 người “sập bẫy”, mất tới 2.166 tỷ đồng: Rủ nuôi bò
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