Overview
- Hong Kong police froze HK$2.75 billion in assets tied to a cross‑border syndicate that local media identified as the Prince Group, with investigations ongoing and no arrests announced.
- Taipei prosecutors detained 25 people and seized NT$4.5 billion in assets linked to the network, including 26 luxury cars, properties, and bank accounts tied to Chen Zhi in money laundering and forced‑labour cases.
- Authorities in Singapore previously seized more than S$150 million connected to the network, including six properties as well as bank and securities accounts and cash.
- Britain and the United States imposed sanctions in October, and a U.S. court indicted Chen Zhi on wire‑fraud and money‑laundering conspiracy charges, with the U.S. Treasury calling its action the largest in Southeast Asia targeting 146 individuals.
- Prosecutors and reports describe forced‑labour scam compounds in Cambodia running large‑scale crypto and online gambling fraud, with proceeds layered through shell companies and converted into real estate and other high‑value goods.