Hanoi police have uncovered a large-scale fraud involving timeshare contracts, impacting approximately 17,000 individuals. Twenty-seven companies are implicated in the scheme, which allegedly defrauded victims of 2.7 trillion Vietnamese Dong – equivalent to roughly $110 million USD. The primary targets of the scam were elderly citizens. Investigations reveal the companies sold fraudulent “holiday ownership” contracts. Authorities are currently working to fully investigate the extent of the fraud and pursue legal action against those responsible. The case highlights growing concerns regarding deceptive practices targeting vulnerable populations in the timeshare industry. This is one of the largest financial fraud cases recently investigated by Hanoi police.