US and UK Sanction Head of Cambodian Prince Group as US Unseals Indictment

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Friday, October 24, 2025

Author:

Bruce Zagaris

Volume:

41

Issue:

11

Abstract:

On October 14, 2025, the United States (U.S.) Office for the Eastern District of New York unsealed an indictment, charging Cambodian national Chen Zhi, also known as Vincent, 37, the found and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for managing Prince Group’s operation of forced-labor scam compounds across Cambodia.