All articles tagged with #chen zhi
Originally Published 4 days ago — by Reuters
China announced it will release more details about the extradition of Chen Zhi from Cambodia, amid ongoing investigations into online scam centers, but has not confirmed his identity or whereabouts. China aims to enhance law enforcement cooperation with neighboring countries like Cambodia to ensure regional security.
Originally Published 2 months ago — by Bloomberg.com
In 2021, Singapore-based staff at Chen Zhi's family office discovered millions had been stolen, leading to legal battles and revealing extensive banking operations. Chen, a Chinese-born businessman accused of criminal activities, built a global empire and gained Singaporean tax benefits, but his operations faced scrutiny after internal disputes and asset misappropriation by former executive David Wong. The case highlights the complexities of wealth management and legal challenges faced by high-net-worth individuals involved in criminal allegations.
Originally Published 2 months ago — by NPR
Prosecutors across Taiwan, Hong Kong, Singapore, the UK, and the US have seized assets worth hundreds of millions of dollars from Chen Zhi, a Cambodian businessman accused of leading a global cyber-scam syndicate that defrauded victims worldwide, including 250 in the US, with operations spanning multiple countries and involving massive crypto assets and luxury possessions.
Originally Published 2 months ago — by abcnews.go.com
Prosecutors across Asia and the U.S. have seized assets worth hundreds of millions of dollars from Chen Zhi, a Cambodian businessman accused of leading a global cyber-scam syndicate linked to the Prince Holding Group, with investigations revealing extensive illicit financial activities and assets across multiple countries.
Originally Published 2 months ago — by CNN
Chen Zhi, a young Chinese-born tycoon and prominent Cambodian businessman, is accused by US authorities of running a vast transnational criminal network involved in online scams, forced labor, and money laundering, with assets seized worth $15 billion. Despite his philanthropic image, he faces charges of money laundering and wire fraud, and remains at large, highlighting Cambodia's role as a hub for cybercrime and organized crime, with significant political and economic implications.
Originally Published 2 months ago — by BBC
Chen Zhi, a young Chinese-born entrepreneur and head of Prince Group in Cambodia, is accused by the US of running a massive cyber-fraud empire linked to over $14 billion in stolen cryptocurrency, involving scams, human trafficking, and money laundering, leading to international sanctions and his disappearance from public view.
Originally Published 2 months ago — by The Guardian
The US and UK have sanctioned the Prince Group and its founder Chen Zhi for running large-scale online scam operations in Southeast Asia, involving forced labor and fraud, with assets seized including properties in London. Chen Zhi, a Chinese-born businessman with political influence, remains at large and faces charges related to wire fraud and money laundering.
Originally Published 2 months ago — by AP News
Cambodia's government hopes the US and UK have sufficient evidence as they pursue sanctions against Prince Holding Group and Chen Zhi, accused of running online scams and using forced labor, with Chen remaining at large and facing serious charges in the US. The governments have imposed sanctions and frozen assets, highlighting the group's alleged involvement in transnational crime, while Cambodia emphasizes its legal compliance and willingness to cooperate with evidence-backed requests.
Originally Published 2 months ago — by Department of Justice (.gov)
Chen Zhi, chairman of Prince Group, has been indicted in Brooklyn for operating forced labor compounds in Cambodia involved in cryptocurrency fraud schemes that stole billions globally, with the US seizing approximately $15 billion in cryptocurrency linked to the crimes, marking the largest forfeiture in Department of Justice history.
Originally Published 2 months ago — by Department of Justice (.gov)
Chen Zhi, chairman of Prince Group, has been indicted for operating forced-labor scam compounds in Cambodia involved in cryptocurrency fraud schemes, including 'pig butchering' scams that stole billions globally. The U.S. government has also seized approximately 127,271 bitcoin, worth around $15 billion, in connection with these schemes, marking the largest forfeiture in Department of Justice history. The case highlights extensive transnational criminal activity involving human trafficking, cyber fraud, and money laundering.