From Tech CEO To Gambling Boss – The Dark Transformation Of Phan Sao Nam

Phan Sao Nam, a gambling boss in the Rikvip network, was formerly a talented CEO in the technology field. He was known as a young and outstanding entrepreneur in the online gaming industry, with fluency in Korean and English. His image exuded a sense of freedom and sophistication, carrying a bohemian charm.

Phan Sao Nam studied and graduated from the University of Economics in Ho Chi Minh City, majoring in business administration. Additionally, he obtained a master’s degree from a Korean university specializing in business technology. Upon his return to Vietnam, the internet market was experiencing rapid development.

Before venturing into the technology field, Phan Sao Nam held the position of Deputy Director at FPT Internet Center in Ho Chi Minh City, the predecessor organization of FPT Telecom today. However, due to the company undergoing a restructuring process, his recruitment and appointment were delayed.

He decided to join VASC Software and Communication Company in Hanoi, where he agreed to work without salary for two months in order to gain early experience and immerse himself in the industry. In 2006, Phan Sao Nam was officially appointed as the Deputy Director of VTC Intecom, and just two years later, he assumed the position of Chairman of the Board of Directors of VTC Online.

However, the Rikvip gambling case exposed Phan Sao Nam’s true colors. According to the investigating authorities, he and Nguyen Van Duong exploited high technology to organize online gambling activities. Phan Sao Nam directed the establishment of server systems for the Tip.Club/Rikvip gaming portal and managed the revenue from gambling operations. They illicitly profited up to 1,475 billion Vietnamese dong.

After obtaining these ill-gotten gains, Phan Sao Nam conducted money transfers through various intermediaries and conducted multiple fraudulent transactions to “legitimize” this money. He relied on friends and relatives to invest, contribute capital to projects, purchase real estate, and deposit savings in order to conceal the origin of the funds.

The Rikvip gambling case exposed the multi-faceted and dark side of Phan Sao Nam, transforming him from a talented technology CEO into a gambling boss. His involvement in this criminal activity shook the business community and eroded public trust. Currently, he is facing the investigation and trial process to address his legal responsibilities.





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