Leader of cross-border gambling and fraud criminal syndicate Chen Zhi has been approved for arrest

2 hours ago

Half a year after being repatriated, Chen Zhi, founder of Cambodia’s Prince Group, has been approved for arrest. Chen was formally approved for arrest on July 6. Compared with when he was repatriated, the charges against him have been adjusted: the charge of concealing proceeds of crime was dropped, while new charges of copyright infringement and intentional harm were added. Over the years, Chen built a global telecom fraud network centered on the "Jinbei Park". As a self-styled "duke", he earned millions of dollars daily and amassed a net worth of tens of billions of US dollars. The Bitcoin seized by the US alone is worth $15 billion (equivalent to about 103.5 billion yuan). According to a notice from China’s Ministry of Public Security (MPS), on January 7, 2026, with the support and cooperation of Cambodian authorities, the MPS dispatched a working group to repatriate Chen Zhi, a Chinese national and leader of a major cross-border gambling and fraud criminal group, from Phnom Penh, Cambodia. The earlier notice revealed that Chen’s criminal group was suspected of multiple crimes including operating gambling dens, fraud, illegal business operations, and concealing proceeds of crime, and had been lawfully taken compulsory measures.

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