Chen Zhi’s Rise and Fall: How a Fujian-Born Tycoon Became the Center of a $15 Billion Global Fraud Case
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- Sanctions expose Chen’s rise as rooted in real estate expansion and political access.
- Investigators tie Prince Group to global fraud, trafficking, and large-scale laundering.
- Asset freezes hit Chen’s overseas holdings, signaling deeper cross-border scrutiny.
Chen Zhi, a Fujian-born Cambodian businessman, is now at the center of an international investigation that ties him to one of the largest financial fraud operations uncovered in recent years. The U.S. Department of Justice seized more than 120,000 bitcoin worth over $15 billion from accounts linked to him.
According to sources, the U.S. and the U.K. imposed joint sanctions that target the 37-year-old tycoon and his conglomerate, Prince Holding Group. This coordinated action has raised new questions about how Chen built his wealth, expanded his influence, and operated across borders with significant politic…
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Chen Zhi’s Rise and Fall: How a Fujian-Born Tycoon Became the Center of a $15 Billion Global Fraud Case
Share:
- Sanctions expose Chen’s rise as rooted in real estate expansion and political access.
- Investigators tie Prince Group to global fraud, trafficking, and large-scale laundering.
- Asset freezes hit Chen’s overseas holdings, signaling deeper cross-border scrutiny.
Chen Zhi, a Fujian-born Cambodian businessman, is now at the center of an international investigation that ties him to one of the largest financial fraud operations uncovered in recent years. The U.S. Department of Justice seized more than 120,000 bitcoin worth over $15 billion from accounts linked to him.
According to sources, the U.S. and the U.K. imposed joint sanctions that target the 37-year-old tycoon and his conglomerate, Prince Holding Group. This coordinated action has raised new questions about how Chen built his wealth, expanded his influence, and operated across borders with significant politic…
Read The Full Article Chen Zhi’s Rise and Fall: How a Fujian-Born Tycoon Became the Center of a $15 Billion Global Fraud Case On Coin Edition.
In This News
Funds
Share:
In This News
Funds
Share:
Read More
South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack