Chen Zhi, a native of China who is also known as "Vincent,” remained at large as of Oct 14. - The Nation/ANN
NEW YORK: The US. government has seized more than US$14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam, accusing him and unnamed co-conspirators of exploiting forced labour to dupe would-be investors and using the proceeds to purchase yachts, jets and a Picasso painting.
In an indictment unsealed Tuesday (Oct 14), Brooklyn federal prosecutors charged Prince Holding Group chairman Chen Zhi with wire fraud conspiracy and money laundering conspiracy.
