Cambodian Scam Tycoon Extradited to China After U.S. Charges
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The Cambodian government said Wednesday that Chen Zhi, chairman of Cambodia-based Prince Group and the alleged ringleader of one of Asia’s largest scam conglomerates, has been arrested in Cambodia and extradited to China. The move comes after the U.S. Justice Department in October charged Chen with wire fraud and money laundering and seized nearly $12 billion in bitcoin it says were proceeds of 'pig butchering' and other online scams that targeted Americans and victims worldwide.
Transnational Fraud and Scams
U.S. Justice Department