Vietnamese realty firm chairman receives life sentence for fraud

HCMC – Nguyen Thai Luyen, 36, chairman and CEO of HCMC-based propterty firm Alibaba, was sentenced to life in jail for swindling 4,560 investors with 58 non-existent real estate projects. Luyen’s wife, Vo Thi Thanh Mai, received 20 years in jail for the same charge, as well as 12 years for money