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Alleged mastermind behind global scam that swindled billions from victims arrested. Protect yourself from crypto fraud
Yahoo Finance· 2026-01-23 11:30
The alleged mastermind of an international fraud operation involving the use of trafficked workers has been arrested, multiple news outlets report, citing Cambodian officials (1). Chen Zhi, founder and chairman of Prince Holding Group, was arrested in Cambodia and extradited to China on Jan. 6. after a monthslong investigation by both countries. Must Read It’s unclear what charges Chen faces in China, however, the U.S. previously indicted him in absentia, charging him with wire fraud conspiracy and mo ...