The story you’re about to hear sounds like something out of a Hollywood heist film—fast cars, gold bars, and a mastermind who made millions vanish. But this isn’t fiction. It’s a real-life scam in Vietnam, and the man at the center of it all isn’t some criminal genius—he’s a flashy influencer from Tiktok Vietnam, selling a too-good-to-be-true Vietnam investment scheme that turned out to be nothing more than smoke and mirrors. His name? “Mr. Pips.”
If the name makes you think of a cartoon mascot, you’re not alone. But instead of selling sugary cereal, Mr. Pips sold dreams—the dream of easy money, risk-free investments, and an express ticket to the high life. His TikTok account was a highlight reel of wealth—dripping in gold jewelry, posing with stacks of cash, and revving the engine of his gold-plated Lamborghini (because what’s a scam without a ridiculous flex?).
His pitch was simple: invest in his “foolproof” scheme, and watch your money multiply. The returns were guaranteed—and as thousands of victims soon discovered, so was their financial downfall. Over $50 million disappeared overnight, leaving wannabe investors staring at empty accounts and shattered dreams.
And then, just like that, Mr. Pips was gone. No more flashy TikToks, no more investment advice, no more promises of wealth. Authorities are scrambling to track him down, but for now, he’s just another ghost in the world of online fraud.
The moral of the story? If someone on TikTok is living like a billionaire without a real business to back it up, it’s not a success story—it’s a scam waiting to happen. And if you’re drawn to get-rich-quick schemes like you are to a sizzling bowl of pho, remember: the only thing guaranteed is getting burned.
Learn More About Vietnam
We made many videos about Vietnam, from business to travel and even how to invest in Vietnam! Check out our YouTube channel for more business news. But if you want to apply for your Vietnam passport, feel free to contact us.