Summary
Chen Zhi, a 37-year-old businessman, is accused by the U.S. Department of Justice of leading a large-scale cryptocurrency scam, stealing $14 billion. His operations were allegedly based in Cambodia, and the U.S. Treasury has seized cryptocurrency linked to him. His company, Cambodian Prince Group, describes him as a respected entrepreneur, despite the serious charges.
Key Facts
- Chen Zhi is accused of running a cyber-fraud empire that stole $14 billion in cryptocurrency.
- The U.S. Department of Justice has charged him with operating scam compounds in Cambodia.
- The U.S. Treasury Department seized $14 billion worth of cryptocurrency believed to be connected to him.
- Chen Zhi's company, the Prince Group, is a leading business in Cambodia.
- He originally came from Fujian, China, and moved to Cambodia around 2010-2011.
- He became a Cambodian citizen in 2014, allowing him to own land.
- He founded the Prince Group in 2015 and later started a bank and other ventures in Cambodia.
- Chen Zhi also holds citizenship in Cyprus and Vanuatu, providing access to Europe and other regions.
