Core Insights - Chen Zhi, the leader of the Prince Group, has attempted to establish businesses in Japan to obtain long-term residency and has purchased a luxury apartment in Tokyo [1][3] Group 1: Business Activities - The Prince Group has established three companies in Japan, including a consulting firm in Shibuya in 2023 and a real estate company in Chiyoda in 2024, alongside another company founded by Chen Zhi in 2022 [3] - These companies have hosted multiple seminars promoting high-end real estate investments in Cambodia, which may involve the use of criminal proceeds for development and money laundering [3] Group 2: Legal Issues and Investigations - U.S. authorities have accused the Prince Group of large-scale investment fraud and money laundering, seeking to confiscate approximately $15 billion in Bitcoin assets held by Chen Zhi [4] - The Prince Group's assets, including over 91 billion Korean Won in Cambodian banks, have been frozen, leading to a bank run at Prince Bank, one of Cambodia's largest commercial banks [4] - Singaporean authorities have seized six properties and other financial assets valued at over 150 million Singapore Dollars, including luxury vehicles and a yacht [5] - In Taiwan, authorities have frozen assets worth over 4.5 billion New Taiwan Dollars related to the Prince Group and detained 25 suspects for fraud and money laundering activities [6] Group 3: Criminal Operations - The Prince Group has been linked to forced labor and telecom fraud operations, using deceptive recruitment ads to lure workers into scams involving cryptocurrency investments [7] - Reports indicate that the group has operated at least ten forced labor scam facilities in Cambodia, where workers were subjected to torture and coerced into fraudulent activities [7] - The group has employed violent methods to maintain operations, including physical assaults on individuals causing trouble within their scam bases [8] Group 4: Corruption and Bribery - Chen Zhi and associates have systematically bribed public officials across multiple countries to protect their criminal enterprise, including purchasing luxury items for officials in exchange for favorable treatment [8] - Evidence suggests that Chen Zhi has used his connections to evade law enforcement actions and has boasted about his ability to receive advance notice of investigations [8]

Core Points - Chen Zhi, the head of the Prince Group, attempted to establish businesses in Japan to obtain long-term residency and purchased a luxury apartment in Tokyo [1][3] - The Prince Group has created three related companies in Japan, including a consulting firm and a real estate company, which may be involved in money laundering through high-end real estate investments [3][4] - The group faces serious allegations of large-scale investment fraud and money laundering, with U.S. authorities seeking to confiscate approximately $15 billion in Bitcoin assets held by Chen Zhi [4][5] Company Activities - The Prince Group has established three companies in Japan: Prince Japan in Shibuya in 2023, Canopy Sands Development Japan Co. in Chiyoda in 2024, and another company founded by Chen Zhi in 2022 [3] - These companies have hosted multiple seminars promoting high-end real estate investments in Cambodia, potentially using criminal proceeds for development [3][4] - Chen Zhi's initial residence was registered near the Prince Group headquarters in Phnom Penh, but it was later changed to a luxury apartment in Minato, Tokyo [3] Legal Issues - U.S. and U.K. authorities have imposed sanctions on the Prince Group, which has led to the freezing of over 91 billion Korean Won in assets at Cambodian branches of Korean banks [4] - In Singapore, police seized six properties and issued disposal bans on financial assets worth over 150 million Singapore Dollars, including luxury cars and a yacht [4][5] - Hong Kong police froze assets worth approximately 2.75 billion Hong Kong Dollars linked to an international telecom fraud and money laundering group, believed to be associated with Chen Zhi [5] Criminal Operations - The Prince Group has been accused of operating forced labor scam facilities in Cambodia, where workers were coerced into conducting large-scale cryptocurrency investment fraud [6][8] - The group allegedly used violence to maintain operations at these scam bases, with reports of severe abuse and even murder linked to the organization [8] - Chen Zhi and associates reportedly engaged in systematic bribery of public officials across multiple countries to protect their operations and evade law enforcement [8]