US indicts tycoon over US$15bil crypto scam empire


US authorities unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labour camps in Cambodia where trafficked workers carried out crypto­currency fraud schemes that netted billions of dollars.

The 37-year-old, known as Vincent, founded Prince Holding Group, a multinational conglo­merate that authorities say served as a front for “one of Asia’s largest transnational criminal organisations,” according to the US Department of Justice.

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