The husband-and-wife duo Trong Hoang Luu and Linh Thuy Le, founders of Win On Wealth (WoW), have been formally indicted and sued by the SEC for running a large-scale Ponzi and fraud operation. Based in California, they allegedly defrauded over 1,400 investors, promising 15% monthly returns through fake “emerging project” investments. Win On Wealth was linked to Inventis Ventures, targeting Vietnamese and Latino communities across the United States.
Launched in 2022, the scheme lured investors with fraudulent business loans and false guarantees. Le, serving as CEO, and Luu, the CFO, misused investor funds for personal luxuries and internal payouts. While $16.5 million went to Ponzi-style returns and $1.5 million supported their MLM plan, over $7 million was misappropriated for their own benefit, including luxury travel, real estate, and lavish parties.
A federal Grand Jury indicted both founders on sixteen counts of wire fraud and two counts of money laundering on September 17, 2025. The SEC filed its civil suit weeks later, charging them with securities fraud. The agency’s complaint revealed false claims about “insured” investments, fabricated “government partnerships,” and misleading reassurances that investor funds were safe.
Despite halting payouts in 2023, Le and Luu allegedly continued soliciting new investors, even redirecting victims into other crypto and digital asset scams such as Trage Technologies. The SEC seeks disgorgement and permanent injunctions, while the DOJ pursues criminal forfeiture. Their trial is scheduled for December 9, 2025, marking a significant step toward justice for victims of the $26.5 million fraud.
