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US charges Cambodian executive in massive crypto scam

In an indictment unsealed Tuesday, federal prosecutors in Brooklyn charged Prince Holding Group chairman Chen Zhi with wire fraud conspiracy and money laundering conspiracy.

NEW YORK (AP) — The U.S. government has seized more than $14 billion in bitcoin and charged the founder of a Cambodian conglomerate in a massive cryptocurrency scam, accusing him and unnamed co-conspirators of exploiting forced labor to dupe would-be… [4744 chars]

Source: The Boston Globe | Published: 2025-10-14T20:21:47Z

Credit: The Boston Globe

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