What we know about Cambodias Prince Group and its boss, accused of masterminding massive crypto scam

News Source : CNA

News Summary

Chen Zhi is the founder and chairman of Cambodian conglomerate Prince Holding Group.
He and unnamed co-conspirators allegedly exploited forced labour to dupe would-be investors, using the proceeds to purchase yachts, jets and a Picasso painting.
More than US$14 billion in bitcoin has been seized, with FBI director Kash Patel calling it "one of the largest financial fraud takedowns in history" If convicted, Chen faces a maximum penalty of 40 years in prison.

One of Cambodias largest conglomerates, Prince Holding Group, is in the spotlight after the US government accused its founder of masterminding a massive cryptocurrency scam which involved forced lab [+3281 chars]

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