Key Highlights: United States authorities have added 45 new targets to their sanctions list, bringing the total number of designated entities linked to the network to 226 across three enforcement rounds. Prince Group chairman Chen Zhi faces federal charges in Brooklyn for wire fraud and money laundering conspiracy, while the U.S. Justice Department seeks civil ...
Key Highlights: The U.S. Department of the Treasury targeted 41 corporate entities across jurisdictions including the British Virgin Islands, Hong Kong, Cambodia, Singapore, Mauritius, and Malaysia linked to Prince Group’s illicit operations. Prince Group is accused of amassing billions of dollars through cyber fraud, romance scams, and crypto investment schemes often operated from Southeast Asian ...
Key Highlights: Federal authorities have targeted a major cyber-enabled investment scam network, securing guilty pleas and multi-year prison sentences for co-conspirators ShengSheng He and Jingliang Su. Court records reveal that over $36.9 million was funneled through shell companies and an account at Deltec Bank in the Bahamas before being converted to Tether ($USDT) and sent ...