Vietnam tycoon sentenced to death in $12 billion fraud case| SBF is laughing at this from prison

- Vietnamese property tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion financial fraud case - Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery, and violations of banking rules - Lan started as a cosmetics trader before founding VTP in 1992, and was accused of siphoning off money from Saigon Joint Stock Commercial Bank - Lan bribed officials to avoid scrutiny and her actions eroded people's trust in the leadership of the Party and State - Vietnam's graft crackdown, dubbed "Blazing Furnace," has seen hundreds of senior state officials and business executives prosecuted for corruption.