Alleged Billion-Dollar Scam Kingpin Extradited to China
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Chinese-born tycoon Chen Zhi has been arrested in Cambodia and sent to China. The United States had previously charged him with fraud and money laundering.
U.S. prosecutors say Chen ran a multibillion-dollar online scam network from Cambodia. They allege he controlled forced labour compounds. Workers were reportedly trafficked and held in prison-like facilities with high walls and barbed wire.
Authorities describe Chen's company, the Prince Group, as a front for a major transnational crime network. Cambodia's government in Phnom Penh confirmed the arrest and extradition.