( October 14, 2025, 20:15 GMT | Official Statement) -- MLex Summary: Chen Zhi, the founder and chairman of Prince Group, has been charged with wire fraud conspiracy and money laundering conspiracy for directing the Cambodian conglomerate's operation of forced-labor scam compounds that engaged in frauds leading to the theft of billions of dollars across the globe. The US also filed a civil complaint against about 127,271 bitcoin, worth approximately $15 billion, that constitutes the proceeds of the schemes and marks the largest forfeiture action in the history of the US Justice Department, prosecutors said.Statement follows below. See attached files....
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