Tech »  Topic »  Cambodian Conglomerate a 'Pig Butchering' Outfit, Says US

Cambodian Conglomerate a 'Pig Butchering' Outfit, Says US

1 week, 6 days ago   bankinfosecurity

Prince Holding Group CEO Chen Zhi Indicted, Sanctioned David Perera (@daveperera) • October 14, 2025

A "phone farm" allegedly used by the Prince Group to perpetuate romance scams. (Image: U.S. Attorney’s Office for the Eastern District of New York)

A Cambodian multinational conglomerate with ties to the country's ruling elite is actually a transnational criminal group raking in tens of millions per day from online scams perpetuated by forced labor held in compounds, say federal prosecutors.

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The U.S. Department of Justice indicted Chen Zhi, aka "Vincent," chairman and founder of the Prince Holding Group in legal proceedings unsealed Tuesday. Zhi has not been arrested but would face more than four decades in prison if convicted on charges of wire fraud conspiracy and money laundering conspiracy.

Prosecutors say Chen, 38, has directly overseen since 2015 the operation ...


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