A man named Hoang Cong Quyet, 38, has been charged by the Quang Ninh Police for illegally purchasing and reselling bank accounts. Quyet bought 27 bank accounts for prices ranging from 1 to 1.5 million VND each and then resold them for 2 million VND per account per month through the messaging app Telegram.

The investigation began when the Economic Police Department noticed unusual transaction patterns. From late 2025 to April, Quyet contacted various individuals to acquire the bank accounts. After the purchase, he used the accounts for transactions and received payments in cash.

To facilitate the use of these accounts, Quyet recorded and stored images of the account holders' faces. He allegedly used software capable of bypassing biometric verification processes by substituting saved images for real-time face verification. This tactic was aimed at circumventing the banks' security measures.

The Quang Ninh Police are expanding their investigation to uncover the roles of other individuals involved and the flow of money through these accounts. The Economic Police Department has advised the public against selling, renting, or lending their bank accounts, as well as sharing login information, passwords, OTP codes, biometric data, or facial images with others.

Authorities have warned that opening accounts in one’s name and transferring them to others can lead to asset loss, personal information leakage, and complicity in gambling, fraud, and money laundering activities. Citizens are urged to report any signs of buying, renting, or lending bank accounts to the nearest police station for verification and action.