Cambodia's Prince Group denies link to scams after asset seizures

[samlot chit]

$500m in assets seized from mysterious crypto scam billionaire

Both the US and UK governments have also imposed joint sanctions against Mr Zhi, his associates, and his company

https://www.independent.co.uk/news/world/asia/chen-zhi-scam-singapore-police-b2859031.html

Cambodia's Prince Group denies link to scams after asset seizures

Phnom Penh (AFP) – A Cambodian conglomerate whose founder has had more than $15 billion of allegedly ill-gotten assets seized said it "categorically rejects" claims he amassed his fortune running an internet scam empire.

https://www.france24.com/en/live-news/20251112-cambodia-s-prince-group-denies-link-to-scams-after-asset-seizures

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Blood Money in the West — How U.S. and U.K. Banks Still Feed Chen Zhi’s Empire

https://www.youtube.com/watch?v=pFjtfDHjphI

It began quietly with a signature on a London document, hinting at Chen Zhi's Prince Group empire rooted in Cambodian scams. A mid-October 2025 wire transfer sparked investigations by DOJ, NCA, and Interpol, uncovering a web of shell companies, offshore accounts, crypto laundering, and forced labor in 'pig butchering' schemes. Analysts connected dots through lieutenants like Sandy Zhou and Alan Yeo, revealing billions funneled from scam compounds to Western real estate like London's £100M Fenchurch tower. A whistleblower, 'The Sparrow,' leaked files exposing bribes and smuggling, igniting Operation Princefall: OFAC sanctions on 146 targets, asset freezes in the UK, Singapore seizures of SG$150M, South Korean revelations, and Cambodian casino closures. Raids in Taiwan seized TWD 4.5B, leading to the empire's collapse—towers emptied, logos scraped, networks dismantled—yet shadows of unresolved corruption linger in global finance.