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bbc.com · 2025-12-07
Cambodian businessman Chen Zhi was charged in the US for allegedly orchestrating a massive cryptocurrency scam through his Prince Group, which operated at least ten fraudulent compounds in Cambodia that used forced labor to conduct online romance and investment fraud schemes targeting thousands of victims worldwide. The US and UK seized approximately $14 billion in bitcoin and froze assets including 19 London properties valued at over £100 million, with prosecutors describing the operation as one of the largest financial takedowns in history involving human trafficking, forced labor camps, and the use of phone farms controlling thousands of fake social media accounts to deceive victims into transferring cryptocurrency.