Alleged scam kingpin Chen Zhi arrives in China after extradition from Cambodia

Chen founded multinational conglomerate Prince Group that US says is front for multibillion-dollar fraud operationChinese television has shown footage of the US-indicted tycoon Chen Zhi being escorted by armed police after his extradition to China from Cambodia, where authorities on Thursday ordered the liquidation of a bank he founded linked to a massive “scam centre” network.Chen, who chairs a conglomerate the US says is a front for a multibillion-dollar online fraud operation, was shown in handcuffs and hooded as he was led off a plane at a Beijing airport by black-clad Swat officers, with the state broadcaster CCTV describing him as the “leader of a major transnational gambling and fraud crime syndicate”. Continue reading...

Alleged scam kingpin Chen Zhi arrives in China after extradition from Cambodia

Chen founded multinational conglomerate Prince Group that US says is front for multibillion-dollar fraud operation

Chinese television has shown footage of the US-indicted tycoon Chen Zhi being escorted by armed police after his extradition to China from Cambodia, where authorities on Thursday ordered the liquidation of a bank he founded linked to a massive “scam centre” network.

Chen, who chairs a conglomerate the US says is a front for a multibillion-dollar online fraud operation, was shown in handcuffs and hooded as he was led off a plane at a Beijing airport by black-clad Swat officers, with the state broadcaster CCTV describing him as the “leader of a major transnational gambling and fraud crime syndicate”. Continue reading...

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