The shocking billion-dollar operation run by Mailisa is just the tip of the iceberg in a country struggling to regulate imported beauty products.

During the investigation into the Mailisa beauty clinic ecosystem, authorities have seized 300 taels of gold, 100 land use certificates, 3 billion VND (approx. $120,000), and $400,000 in cash.

MK Skincare, tied to Mailisa beauty chain, faces nationwide ban for 162 products lacking safety documentation.

From Guangzhou to Hong Kong to Vietnam, a complex scheme enabled Mailisa to sell substandard beauty products under false origins.

The key informant in the ‘Shark Thuy’ scandal, Egroup’s own finance director, may receive leniency after revealing a massive fake revenue scheme.

On November 21, Vietnam’s Ministry of Public Security announced the arrest of Phan Thi Mai and her husband Hoang Kim Khanh - owners of Mailisa Beauty Clinic - for alleged involvement in a large-scale smuggling operation tied to MK Skincare.

The “Shark” metaphor - once synonymous with sharp business instincts - is now being redefined as Vietnam’s high-profile startup investors face serious legal charges.

The recent Kera candy trial has prompted the Ho Chi Minh City People’s Court to recommend sweeping changes to the regulation of functional food products and online marketing practices.

Vietnam’s fraud investigation into “Shark” Thuy now spans more than USD 90 million in alleged losses.

As police move to recover funds, more than 30 mortgaged properties and millions in fake shares are at the heart of the case.

The once-celebrated education entrepreneur allegedly orchestrated a massive fake share scheme involving over 10,000 victims.

With sophisticated “tricks”, Vu Thi Thuy, CEO of Nhat Nam Real Estate, lured thousands of investors into her trap, signing 43,314 investment cooperation contracts that collected VND9,113 billion.

In recent months, police have prosecuted and detained several well-known figures involved in criminal activities, seizing and freezing their vast assets.

A viral video of a Hanoi hotel denying a guest check-in sparked outrage online. Unfortunately, other unrelated hotels with similar names are suffering from false 1-star reviews and reputational damage.

Authorities say Ngan 98 screamed, resisted, and hindered a high-level fraud probe. Her husband allegedly followed suit.

Ngan 98 under investigation for counterfeit food production; assets seized during house raid.

At the Hanoi Police Department, Nguyen Hoa Binh, also known as Shark Binh, admitted to his violations and pledged to compensate investors who suffered financial losses related to the AntEx project.

Authorities have confirmed that Nguyen Hoa Binh, also known as “Shark Binh,” along with accomplices, raised $4.5 million through the digital currency AntEx and used fraudulent methods to embezzle and divide the funds among themselves.

On the afternoon of October 14, Hanoi Police’s Criminal Investigation Department confirmed it had initiated legal proceedings and issued a temporary detention order for Nguyen Hoa Binh, Chairman of the Board of NextTech Group.