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Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds Engaged in Cryptocurrency Fraud Schemes
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Chairman of Prince Group Indicted for Operating Cambodian Forced Labor Scam Compounds Engaged in Cryptocurrency Fraud Schemes
Chen Zhi, chairman of Prince Group, was indicted in Brooklyn federal court on October 14, 2025, for wire fraud conspiracy and money laundering conspiracy related to forced-labor scam compounds operating across Cambodia. The compounds were allegedly engaged in cryptocurrency fraud schemes and operated under his direction.
Why it matters: Organizations and financial institutions processing cryptocurrency payments should review customer due diligence and transaction monitoring for indicators of labor trafficking or scam infrastructure, as these networks may generate fraud proceeds requiring AML (anti-money laundering) review.
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