Prince Group

Prince Group is associated with Chen Zhi, a Chinese-born tycoon accused of masterminding a vast cryptocurrency scam network operating from Cambodia. Recent news focuses on Chen Zhi's arrest in Cambodia and subsequent extradition to China, where he faces charges of fraud and money laundering. He is alleged to have directed forced labor compounds where trafficked workers were held and forced to defraud victims globally. These operations are part of a larger regional issue of online fraud hubs flourishing in Southeast Asia, particularly in border areas of Thailand, Myanmar, and Cambodia. The extradition highlights increased pressure from China on Cambodia to target cross-border fraud and trafficking, especially involving Chinese nationals. Thailand has also seized significant assets and issued arrest warrants in a crackdown on these scam networks, indicating a broader regional effort to combat this illicit industry.