Man Accused of Stealing Billions in Crypto Scam Is Captured Abroad
TL;DR
A man accused of running a global criminal network that used enslaved workers to steal billions via crypto scams has been arrested in Cambodia and extradited to China.
Source: The New York Times
A man who U.S. federal prosecutors said ran one of the largest criminal networks in the world, relying on thousands of enslaved workers in Southeast Asia to bilk victims out of billions of dollars, has been arrested and extradited to China, Cambodian authorities announced Jan. 7. Chen Zhi, 38, is a citizen of several countries, including China and Cambodia, though the Cambodian government said his passport has been revoked. He was arrested in Cambodia, where his company is based, and extradited to China Jan. 6. Chen was founder and chairman of the Prince Group, a Cambodian holding company that seemingly focused on luxury real estate. Federal prosecutors said he used the company to mastermind an operation in which scammers persuaded unwitting victims to fork over their money, often via cryptocurrency. Full Story