Posted on: June 17, 2023 Posted by: admin Comments: 0

Phan Sao Nam is one of the two masterminds behind the multi-billion gambling network Rikvip. Prior to delving into the underworld, he was a talented CEO in the technology field.

Who is Phan Sao Nam?

Phan Sao Nam is known as a young and talented entrepreneur in the online gaming industry. He is dynamic, fluent in both Korean and English, and possesses a rugged yet sophisticated appearance. Therefore, when it was revealed that Nam was running a nationwide multi-billion gambling operation through Rikvip, many people were shocked.

Phan Sao Nam studied and graduated from the Ho Chi Minh City University of Economics with a major in business administration. Moreover, he obtained a master’s degree from a South Korean university specializing in business technology. His return coincided with the explosive growth of the Vietnamese Internet market.

He previously held the position of Deputy Director at the FPT Internet Center in Ho Chi Minh City, which is the predecessor of FPT Telecom today. However, his recruitment and appointment were delayed due to the company’s restructuring at the time.

Driven by the desire for early experiences, Nam decided to join the Software and Communication Company VASC when he returned to Hanoi. In this company, he accepted a non-salaried position for a period of two months.

In 2006, Phan Sao Nam was officially appointed as the Deputy Director of VTC Intecom. Just two years later, he quickly assumed the position of Chairman of the Board of Directors of VTC Online.

How much did Phan Sao Nam benefit from the Rikvip gambling case?

According to the investigation agency’s findings, Phan Sao Nam and Nguyen Van Duong – Chairman of the Board of Directors of CNC, a limited liability company for high-tech security development investment – exploited advanced technology to organize online gambling activities.

Nam instructed all employees of the company to establish server infrastructure for the Tip.Club/Rikvip gaming portal. He also directed the collection and reconciliation of revenue from the gambling operations and distributed rewards to players to sustain the gambling activities. As a result, they illegally profited a staggering amount of 1.475 trillion dong.

After illicitly profiting, Phan Sao Nam transferred the money through various intermediaries to friends and relatives for investment, project funding, savings, real estate purchases, with the aim of legitimizing the funds.