DOWNTOWN BROOKLYN – An indictment was unsealed in Brooklyn federal court charging Chen “Vincent” Zhi, the founder and chairman of Prince Holding Group, with wire fraud conspiracy and money laundering conspiracy.

Allegedly, Zhi was directing an operation of forced-labor scam compounds across Cambodia under Prince Holding Group, a multinational business conglomerate.

Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as “pig butchering” scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large.

The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division also filed a civil forfeiture complaint against approxim

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