US EditionWhat We Know About Cambodia's Prince Group and Its Boss, Accused of Masterminding Massive Crypto Scam
4 Articles
4 Articles
The US government recently indicted Chen Zhi, founder and chairman of the Cambodia-based multinational Prince Holding Group, on charges of telecommunications fraud and money laundering. Chen Zhi remains at large. Media reports indicate that Chen Zhi owns two listed companies in Hong Kong and used local financial professionals to facilitate financial fraud, manipulating the Hong Kong and US capital markets. Furthermore, the US has also issued a s…
US seizes Prince Group assets worth $15bn, shaking Cambodia, Thailand, ASEAN, and APEC
The US Department of Justice has seized $15 billion from the Prince Group linked to cyber fraud and forced labour in Cambodia. Experts warn of geopolitical and regional security implications affecting Thailand, ASEAN, and APEC.
Cambodia urges due process after $14B Bitcoin seizure linked to Prince Group and Chen Zhi
The situation underscores the complexities of international legal cooperation and the potential geopolitical tensions arising from financial sanctions. The post Cambodia urges due process after $14B Bitcoin seizure linked to Prince Group and Chen Zhi appeared first on Crypto Briefing.
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