Vietnamese national charged in $53M cryptocurrency ‘pig butchering’ scheme
Authorities say Trung Nguyen Van allegedly moved victim funds into private wallets within moments, including a Missouri case that lost about $16 million.
- On Sept. 25, the Western District Attorney Office charged Trung Nguyen Van, 37, with two counts of money laundering following an initial court appearance in Los Angeles.
- Federal authorities say Van was part of an international 'Pig' operation, a rapidly growing fraud industry where scammers cultivate fake romances on dating sites to steer victims toward fraudulent crypto platforms.
- Van's Bitcoin wallets received roughly $53 million between February 2018 and December 2024, including $16 million lost by one Missouri victim directed to invest in a bogus platform called 'Triangle'.
- Investigators traced over $569,000 transferred directly from the victim to Van's digital wallet; Van allegedly moved nearly $568,000 into private, unhosted wallets to evade detection.
- FBI Kansas City Special Agent in Charge Chris Ormerod noted that scammers display fake investment dashboards showing artificial profits to coax victims into sending larger sums, demonstrating the FBI's commitment to protecting the American public.
15 Articles
15 Articles
Missouri crime: Man charged in multimillion-dollar crypto scam; guilty plea in KC Cybertruck arson; anti-trafficking council formed
A Vietnamese national has been charged with defrauding a Missouri victim of millions of dollars in a “pig butchering” scam, and a Missouri man has pleaded guilty to setting a Tesla Cybertruck on fire at a Kansas City dealership. Trung Nguyen Van, 37, has been charged in a two-count criminal complaint with money laundering and […]
Vietnamese man charged in $16 million ‘pig butchering’ crypto scam
A Vietnamese national was charged with money laundering for his role in a massive "pig butchering" scam, which defrauded a victim out of $16 million worth of cryptocurrency. 37-year-old Trung Nguyen Van entered the United States through the San Ysidro, California / Mexico pedestrian border entry point on September 22 and was arrested before boarding
Missouri case alleges laundering of cryptocurrency fraud proceeds
A Vietnamese national faces federal money laundering charges in connection with an alleged cryptocurrency “pig butchering” scheme that authorities say defrauded a victim of millions of dollars. Trung Nguyen Van, 37, was charged in the Western District of Missouri in a two-count criminal complaint alleging money laundering. The complaint was unsealed after Van made his […] The post Missouri case alleges laundering of cryptocurrency fraud proceeds…
US Charges Man After Crypto Scam Wallets Received More Than $53M
TL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency “pig butchering” schemes. Prosecutors say wallets controlled by the defendant received roughly $53.3 million linked to fraud schemes targeting U.S. victims. One victim allegedly transferred about $16 million after being directed to a fake crypto investment platform. U.S. prosecutors have charged a Vietnamese national over an alleged cry…
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