
Cambodia has arrested and extradited Chinese tycoon Chen Zhi to China, who is accused by U.S. and U.K. authorities of leading a transnational criminal network involved in global online scam operations. Prince Group, his conglomerate, is linked to scam centers in Southeast Asia that exploit trafficked workers. The U.S. has indicted Chen for fraud and money laundering, seizing billions in cryptocurrency. This extradition marks a significant action against the pervasive scam industry, which the UN estimates defrauded victims of billions in 2023, though dismantling the network remains challenging.
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