(NewsNation) — The Department of Justice says it has seized the most money it's ever recovered in one action in targeting the founder of a Cambodian conglomerate accused in a massive cryptocurrency scam.
The department says it took about $15 billion worth of bitcoin from an operation run by Chen Zhi, 37, according to an indictment unsealed Tuesday.
Zhi, a native of China who is also known as “Vincent,” runs the Prince Holding Group, based in Cambodia, according to the DOJ, which alleges that the company operated in 30 countries as a real estate and financial company in the light and a crime syndicate in the dark.
Prince Group allegedly forced an untold number of employees to contact unwitting victims electronically with promises to grow their net worth if they handed over bitcoin in wha