BREAKING: Cambodian authorities arrest and extradite Prince Group head Chen Zhi to China amid global fraud crackdown.
This alleged mastermind of Asia's largest scam empire faces US charges for pig butchering schemes and money laundering, with nearly $12 billion in Bitcoin seized from investment fraud targeting victims worldwide.
Chen reportedly transformed his conglomerate into a transnational crime network, running scam centers with forced labor, trafficking workers from China to deceive people into fake crypto investments.
The operation spanned over 100 companies in 30+ countries, evading justice through bribes and political ties in China.
US sanctions target Chen, his executives, and linked entities, while China convicts staff for related crimes.