Nguyen Ayi

Crime
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Sentenced To 220,903,200 Smooth Seconds

Posted byNguyen Ayi

Once Crowned Miss Vietnam In the USA in 2018, Ly Ky Anh now faces a seven-year prison sentence for theft of an 80,000 USD Rolex.

by Joe Fotalattee

On the morning of December 13, the People’s Court of Ho Chi Minh City sentenced La Ky Anh (32 years old) for theft of property. After an hour of trial and deliberation, the People’s Court of Ho Chi Minh City sentenced defendant La Ky Anh to 7 years in prison according to reports from the Vietnamese language site Tuoi Tre.

In court, defendant Ky Anh said that there was a love relationship between the defendant and the victim. Ky Anh said that before being arrested, her agency imported and exported goods from Guangzhou to Vietnam, so she had a stable source of income.
The representative of the People’s Procuracy of Ho Chi Minh City said that the defendant took advantage of the victim, the defendant’s behavior was dangerous, and asked the court to pronounce a sentence of 12-13 years in prison for theft.

“The criminal act, the defendant has nothing to deny, but after being detained for a long time, the defendant is very remorseful and asks the jury to grant the defendant a lenient sentence so that she can rebuild her life”, Defendant Ky Anh testified.
The court considered Ky Anh’s first-time offender status and the fact that the victim received the property back and dismissed the complaint. Therefore, the jury sentenced La Ky Anh to 7 years in prison for the crime of property theft.

According to the indictment, from July 2021, La Ky Anh and Nguyen Minh Tan knew each other and often contacted each other via Facebook. By early August 2021, she often went to Mr. Tan’s house in Vo Thi Sau ward (District 3) and slept … Read more

Finance
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The Crypto Collapse Is In Its Early Days

Posted byNguyen Ayi

The Crypto Collapse Is In Its Early Days

By academic Joe Fotalattee

Media outlets have a duty to their audience to be open and honest about the realities of the crypto Ponzi scheme.

Since reaching an all-time high last year, the most well-known and established cryptocurrency, Bitcoin, has declined by more than 70%.

Due to the demise of the FTX cryptocurrency exchange, cryptocurrencies suffered a significant loss. When FTX was at its peak, its founder was one of the ten youngest billionaires in the world. It has now dramatically destroyed investor wealth as it imploded into bankruptcy.

Crypto lacks any organizing structure or tangible products. Cryptocurrency demand had reached a fever pitch, perhaps evoking memories of the tulip bulb craze. That bubble is now bursting.

In the middle of the sixteenth century, Dutch tulip bulbs sold for six times the average person’s yearly salary. It seems unbelievable now that anyone would have paid that much for a single tulip bulb. But at the time, market speculators controlled the price, and tulips’ worth was determined more by sentiment and rumors than by the flowers themselves.

Better Investments:

  • In Vietnam, savings accounts can produce 7%. It is insane to gamble with your hard-earned money when interest rates in savings accounts are as high as good investment returns.
  • E-Wallets based on currency: The Golden Pocket of Momo offers 6% up to 100 million VND, and is linked to a real bank account.
  •  Index funds on foreign stock markets
  • Gold/Silver: precious metals do well in currency crisis
  • Savings accounts with foreign banks like Shinhan, Citi Bank, and HSBC provide more security if the local banking system encounters difficulties. There will be some closures of small Vietnamese banks if there is a financial crisis.
  • Cashews or Tulips: at least they are edible. Cryptocurrency has no
… Read more
New BriefsNews
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News Briefs: Monday, December 12, 2022

Posted byNguyen Ayi

by Joe Fotalattee

Boy Drowned

On Sunday in Phu Yen Province in central Vietnam, a 16-year-old boy drowned while swimming in a stream with friends. Rescuers found N.T.D., 16, of Tuy Hoa City, an hour earlier and handed his body over to his family at 5:30 pm the same day.

The group of six friends—five boys and one girl—visited the Dap Han stream, a popular tourist destination in Dong Hoa Town.

D. later joined the boys for a swim in the stream before he drowned in the cold water. The three friends attempted to drag D. to the shore, but were unable to overcome the currents.

Boy Dead 

A woman from Hanoi was detained on suspicion of killing her six-year-old son by hitting him in the head with a metal ladle. Nguyen Thanh Thi, 37, was detained on suspicion of murder on Saturday, according to the People’s Procuracy in Quoc Oai District, Hanoi.

Officers started a death investigation after learning that the boy had multiple injuries to his body and face, according to the report.

Prisoner Recaptured

A 32-year-old prisoner who had been sentenced to seven years in prison for purposefully injuring others was apprehended by police in north-central Thanh Hoa Province on Sunday afternoon after he had escaped the facility the previous day.

Designer Snag

On Sunday, police in Ho Chi Minh City announced that they had worked successfully with counterparts to apprehend five suspects who had stolen over 3,000 designer bags worth more than VND600 million (US$25,450) from a warehouse at Tan Son Nhat International Airport.

Early Coffee Harvest

According to Nguyen Nam Hai, the head of the country’s coffee association, farmers in Vietnam, the largest producer of robusta coffee in the world, had already harvested about 40% of the 2022–23 crop as of early December despite worries … Read more

Tech
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Twitter rival traffic increased by 588%

Posted byNguyen Ayi

by Joe Fotalattee  (https://federated.press/@vietnambeat)

In the month following Elon Musk’s acquisition of Twitter, Mastodon, a decentralized rival social network, received extensive media coverage and saw traffic soar by 588%, from 1.4 million to 9.5 million visits.

The statistics come from an examination of Israeli web analytics firm Similarweb by online magazine Financial World. According to the data, Mastodon.social visits increased by over six times in November compared to the prior month, with just over 25%, or roughly 2.4 million, of those visits coming from the United States.

The analysis, which also examined Google Trends data, reveals that searches for “Twitter alternatives” rose by 504% to an all-time high globally in November.

When Musk referred to the alternative microblogging platform in a tweet as “Masterbatedon” (a tweet he later deleted), he did little to quell the public’s enthusiasm for it.

 

Editors note on how to join Mastodon: 1- Pick a sever of interest 2- Create account and get approval 3- Search and follow any user from all “Federated” networks. 4. Enjoy the revolution of owning your data and being in control of privacy. https://joinmastodon.org/

Crime
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Deadly School Zone

Posted byNguyen Ayi

by Joe Fotalattee

Around 5:30 p.m. on Saturday, a five-seat vehicle driven by an inebriated person slammed into several parents who were waiting with motorbikes in Hai Ba Trung District. Several parents were killed instantly.

VNexpress reports one witness account that “about 10 motorbikes were knocked down in the street,” adding that those who weren’t seated on their bikes were able to jump out of the way to avoid getting hurt.

Authorities did note that two people were taken to the hospital after being rammed by the charging vehicle.

Nghiem Thanh Dat, a resident of Hanoi, was the driver, according to the police. He is 46 years old.

Dat tested positive for 0.501 milligrams of alcohol.

In Vietnam, the maximum fine for driving with an alcohol concentration over 0.4 mg/liter of breath or 80 mg/100 ml of blood is VND40 million ($1,724). Additionally, they risk having their license suspended for up to 24 months.

Vietnamese authorities should enact stricter drunk driving penalties, according to transportation experts.

 

New BriefsNews
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News Briefs: Sunday, December 11, 2022

Posted byNguyen Ayi

by Joe Fotalattee

Ho Chi Minh City Bus Station Upgrades

The Center for Public Transport Management of Ho Chi Minh City is building and repairing several bus stops in the city, including waiting areas, stop posts, and painted umbrellas to enhance the quality of passenger service. Bus routes will continue to run normally during the repair period with no changes to routes.

A New Face For Saigon Landmarks

The Hotel Continental Saigon is one of the 31 landmarks that will undergo renovations as part of a government-funded initiative to preserve historical sites.

Landmarks to be renovated include The HCMC Museum of Vietnamese History, the oldest pagoda in the city (Giac Lam), assembly halls, and temples.

The Ho Chi Minh City People’s Court, the Phu Tho Hoa Tunnels, and the Pasteur Institute are a few of the city’s landmarks that have recently received funding.

 

Arts and Culture
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Children Of The Mist and 578:Magnum Are In Running For Oscars

Posted byNguyen Ayi

The Academy of Motion Picture Arts and Sciences has chosen two Vietnamese movies as contenders for the 2023 International Feature Film Award.

The list included 144 documentaries, 92 foreign language films, and 27 animated movies.

Nhung Dua Tre Trong Suong (Children of the Mist) and “578: Phat Dan Cua Ke Dien” (578: Magnum), two Vietnamese movies, are included on the list.

Luong Dinh Dung’s action film “578: Magnum” was submitted to the Academy Awards in September.

Children of the Mist, directed by Ha Le Diem,  has screened at film festivals across the world, including the U. S. , Kosovo, Singapore, Australia, France, Mexico, and Cambodia.

“Children of the Mist” is contending at the Oscars after it won Best International Film at the 2022 Docaviv Film Festival in Israel and Best Directing Award at the International Documentary Film Festival (IDFA) in the Netherlands.

News
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Get Your Booster! Covid On The Rise

Posted byNguyen Ayi

By Joe Fotalatte

According to the Ministry of Health, 528 new cases were reported on December 8, the highest daily total in the previous six days, bringing the total number of COVID-19 cases across the country to 11,519,539 people.

With 113 patients receiving the all-clear throughout the day, the total number of recoveries increased to 10,609,370. .

69 patients are in need of breathing assistance at the moment.

Over the past 24 hours, no COVID-19-related deaths have been reported.

On December 7, 14,788 doses of the COVID-19 vaccine were injected, bringing the total to 264,805,830.

 

CrimeFinanceNews
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Counterfeiting, Drug Trafficking, Terrorism…STOP!

Posted byNguyen Ayi

Anti-Money Laundering Measures Proposed.

by Joe Fotalatte

Money Laundering Measures Proposed.

If you make transactions with a value of more than VND 300 million per day without legitimate reasons, you may get the attention of Vietnam government regulators. 

Tuoi Tre reports the government’s draft decree outlines several articles in preparation for a law on anti-money laundering. Regulators would monitor suspicious transactions, inactive accounts, and e-wallets.

The draft targets businesses and people who deal in gambling, those who play games on the internet, telecommunications networks, and in casinos and lotteries. The industry would be required to identify customers of transactions over 60 million VND per day.

Cash transactions are also proposed to be regulated, including transactions of gold, silver, and gems with a value of VND 300 million or more per day. Businesses and individuals engaged in the precious metals and gems trading industry would be required to identify their customers.

Lawmakers hope to halt transactions through reporting if there is any suspicion it is connected to illegal activities, terrorism, or the financing of terrorism.