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HK Freezes $2.75B in Assets Tied to Scamming Prince Group

11/5/2025

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Summary

Story summary

Hong Kong froze HK$2.75 billion in assets tied to the Prince Group, led by Chen Zhi.
The Prince Group allegedly ran online scam centers with trafficked workers.
Taiwanese investigators arrested 25 individuals and seized over US$145 million linked to the group.
Chen Zhi has been indicted in the United States for alleged forced-labor operations in Cambodia.
The United States and the United Kingdom have imposed sanctions on Chen Zhi.

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Story summary

Hong Kong froze HK$2.75 billion in assets tied to the Prince Group, led by Chen Zhi.
The Prince Group allegedly ran online scam centers with trafficked workers.
Taiwanese investigators arrested 25 individuals and seized over US$145 million linked to the group.
Chen Zhi has been indicted in the United States for alleged forced-labor operations in Cambodia.
The United States and the United Kingdom have imposed sanctions on Chen Zhi.