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Will billionaire Truong My Lan find and pay ~$9 billion in time to save her own life?
22
𝕊62
resolved Feb 13
Resolved as
56%

https://www.cbsnews.com/news/vietnam-death-sentence-tycoon-truong-my-lan-upheld-unless-pays-9-billion/

resolves YES if the court accepts $9B in compensation and commutes her death sentence to something lesser

As she still has a final appeal (to lower the amount) or could petition to the president, then there could be a situation where she pays enough but it isn't $9B.

This market will resolve yes ONLY if she pays $9B +/- $1B to the government and her sentence is reduced from the death penalty. This could include an agreement in installments over a period of time as long as the total amount (including interest) is about $9b.

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We can guess that she has at least five years to spare, according to this Reddit comment citing a Vietnamese documentary on death row.

If her legal team submitted a request for pardon, it must have taken place within seven days of receiving her verdict in December. The case seems pretty high-profile and her previous appeals have been denied, which makes me think that she doesn't have much of a shot at either pardon or reducing the price tag. Plus her lawyers claim that she has the assets and just needs time to liquidate. So: what's the probability that you could sell $9B in Vietnamese real estate in five years if your life was on the line?

Statista claims that the market cap of Vietnam's real estate market will be a cozy $4.44T USD in 2025. Another website also give a number around $4T. So it's not like she needs to sell the whole country to get the requisite sum out.

I'm not really sure how to get a base rate for the rate of real estate liquidation in $/time so I'll just take a look at how the Evergrande thing's been doing. "Evergrande's liquidation could take more than a decade to be completed, according to some offshore investors" and they've got a whole 300B to clear out. $300B/10 years > $9B/5 years, so I think this lady's gonna be fine. 60%.

wow what an exciting episode of house hunters… Truong is a mom and real estate professional who is just DYING to sell!! haha lol

sweeped and added 2 extra paragraphs of clarification

@Manifold sweeped or swept

@vibhav Probably Sweeped, in this case. "swept" is the past-tense of the verb "sweep". But in this case, "Sweep" is its own term, and technically a noun, as it is short for "sweepstakes". Then modifying the shortened noun into a verb would be "sweeped", just like how people can be "chaired", with "chair" as the noun.

@Gameknight churned

@GazDownright

That's turning the verb "churn" into the past-tense verb "churned", which is fine.

I'm saying that the usage of "sweeped" in Manifold's comment here is correct, because instead of turning the verb "sweep" into the past-tense verb "swept", they are turning the shortened noun "sweep" (for sweepstakes) into a verb, and therefore the correct word would be "sweeped".

@Gameknight when you chair someone in the past tense you churned them

I say all of this in jest

@GazDownright

Future tense "chair", present tense "chairing", past tense "chaired". What's the issue?

@Gameknight nevermind, chairs 🍻

crazy shit, imagine we did that in EU/USA, we'd either end with the fraud for good or just decimate the population hahahaha

@Choms it's refreshing to see countries were wealth doesn't equate to endless get-out-of-jail cards

damn crazy. but i also would simply like... not embezzle 27 billion.

idk just me. im kinda built different like that

reposted

crazy story