Crypto
Cambodian Businessman Chen Zhi Arrested Over Multi-Billion Dollar Telecom Fraud
Chen Zhi, founder of Prince Group Cambodia, has been arrested and is under investigation for multiple alleged crimes. According to Golden Ten Data, Chen was officially approved for arrest on July 6.
The charges against Chen include copyright infringement, intentional injury, operating casinos, fraud, and illegal business activities.
His telecom fraud network allegedly involves large amounts of illegal assets, with Bitcoin worth as much as $15 billion seized by the United States alone, equivalent to $10.35 million in USD.