"The Department of Justice has indicted 38-year-old Chinese national, Chen Zhi, for wire fraud and money laundering conspiracy, and labeled his conglomerate of companies based out of Cambodia called the Prince Group as a "transnational criminal organization." The government seized 127,000 Bitcoin from Chen's accounts, worth $15 billion at the time - much of it received from unsuspecting American victims."
"Erin West: "They're filled, these whole dormitories are filled with people. You can see their laundry, you can see them inside, but there's no cars because nobody's going anywhere."Dan Noyes: "They're being held there."West: "They're being held captive. This is modern day slavery. These are people that are being held against their will and being forced to scam 16 hours a day.""
The Department of Justice seized 127,000 Bitcoin, worth $15 billion, from accounts tied to Chen Zhi, who is indicted for wire fraud and money laundering conspiracy. Chen operates a conglomerate in Cambodia called the Prince Group, designated a transnational criminal organization. Investigators report much of the seized Bitcoin originated from American victims. Cyber fraud investigator Erin West visited a Cambodian compound linked to the operation and recorded footage showing large dormitories with visible laundry and no vehicles. Workers appear confined and are described as being held captive and forced to scam victims up to 16 hours a day.
Read at ABC7 San Francisco
Unable to calculate read time
Collection
[
|
...
]