Scam compound operator indicted for fraud and more

Prince Holding Group chair indicted in forced labor and crypto scheme

In a sweeping indictment unsealed by the U.S. Department of Justice (DOJ), Chen Zhi, the 37-year-old chair of Cambodia-based Prince Holding Group, is accused of masterminding one of the largest forced labor and cryptocurrency fraud operations in modern history.

According to federal prosecutors, Chen — also known as Vincent — ran a network of compounds in Cambodia where trafficked workers were imprisoned and forced to carry out online fraud schemes. Victims were lured into pig butchering schemes, elaborate crypto investment cons that have cost individuals and institutions billions globally.