Taiwan indicts 62 linked to alleged scam center in Cambodia
Deutsche Welle
March 4, 2026
AI-Generated Deep Dive Summary
Taiwan has indicted 62 individuals, including the founder of the Prince Group, Chen Zhi, on Wednesday for their alleged involvement in a multi-billion dollar online fraud and money laundering operation. The Prince Group, based in Cambodia, is suspected of running a vast network of cybercrime centers that have defrauded millions globally. According to prosecutors, Taiwan served as one of several locations where illicit funds were funneled through shell companies, with luxury goods, real estate, and vehicles purchased to conceal the proceeds of crime.
The case highlights the growing issue of transnational cybercrime, particularly in Southeast Asia, which has emerged as a hub for such activities during the pandemic. The Prince Group is accused of luring victims into fake romantic relationships or cryptocurrency investments, resulting in significant financial losses. Chen Zhi, referred to by Beijing as the ringleader of a major cross-border gambling and fraud syndicate, was arrested and deported from Cambodia earlier this year. The group is also alleged to have trafficked workers to carry out these fraudulent schemes, generating billions of dollars annually.
Taiwan’s prosecutors claim that the Prince Group funneled approximately T$10.8 billion ($339 million) into the country for money laundering purposes. This included purchasing 24 properties, 35 vehicles, and holding T$55.53 million in other assets such as cash and luxury items. More
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Originally published on Deutsche Welle on 3/4/2026