The U.S. Department of Justice has indicted the Cambodian transnational fraud group "BCH Holdings" and imposed sanctions on nine related companies in Taiwan.

The U.S. Department of Justice and the Eastern District of New York Federal Court have officially charged Chen Zhi, the founder of the Cambodian multinational company Prince Group, with leading a global crypto assets fraud case, illegally profiting up to $15 billion. The criminal activities involve serious offenses such as financial fraud, forced labor, human trafficking, and Money Laundering. The U.S. Treasury Department has simultaneously implemented asset seizures and sanctions related to the case. According to reports from the World Journal, this case involves nine affiliated companies in Taiwan and three Taiwan nationals. U.S. authorities claim that Chen Zhi, the head of Prince Group, allegedly targeted victims through social media and operated labor camps in Cambodia to force others to commit fraud. The following is a comprehensive translated report.

The world's largest "pig butchering" scam group has had 127,271 bitcoins seized.

According to the indictment and investigation report, the U.S. government has seized 127,271 coins of Bitcoin, worth approximately $15 billion, marking the largest cryptocurrency confiscation operation in U.S. history. The funds were originally stored in an unregulated wallet controlled by Chen Zhi, and investigators have obtained the relevant private keys. The assets are currently held by the U.S. Department of Justice. ( Source: The Washington Post 10/14/2025)

Workers were detained, beaten, and forced to commit fraud.

The indictment states that Chen Zhi operated a "pig butchering" scam through social media platforms, luring victims to invest in a fictitious Crypto Assets project. The fraudulent operations took place in several "scam parks" in Cambodia, where thousands of victimized workers initially believed they were hired for regular jobs, but were actually subjected to human trafficking, confinement, and violent coercion, being forced to participate in the scam.

76,000 social media accounts operated fraud.

The investigation by the US found that these labor camps are surrounded by high walls and barbed wire, with at least ten parks existing. Some employees have been beaten for failing to meet standards, and suspects even ordered "just don't kill them." Officials recovered multiple photos of workers being beaten and bleeding from Chen Zhi's Google account. In addition, the BCH group has a professional automatic call center, with two facilities equipped with a total of 1,250 mobile phones, controlling over 76,000 social media accounts for fraud.

Nine companies in Taiwan and three Taiwanese individuals are suspected of being involved in the case.

According to a report by the World Journal in the United States, the U.S. Treasury Department has designated the BCH group as a transnational criminal organization (TCO) and has imposed sanctions on its 146 entity organizations and individuals. The sanctions list includes Taiwanese companies and their responsible persons, including three unnamed Taiwanese women and nine Taiwan-registered companies such as Lianfan, Ruidu, Boju, Chengshuo, Maiyu, Mingwan, among others. Some company registration addresses are located at "Heping Dayuan" in the Daan District of Taipei City, with a legal representative being a Singaporean named Lin. The U.S. Treasury Department pointed out that these companies are suspected of participating in the flow of funds and money laundering processes. The U.S. government emphasized that it will continue to cooperate with the United Kingdom and other allies to combat the increasingly rampant cross-border fraud activities in Southeast Asia.

At 37 years old, Chen Zhi founded the BCH Group, which ostensibly engages in real estate, finance, and consumer services, but is actually accused of being one of the largest multinational fraud and Money Laundering organizations in Asia. If convicted, Chen Zhi could face a 40-year prison sentence. The U.S. Department of Justice stated that Chen Zhi is currently at large and may be hiding in Cambodia. If convicted, he will face up to 40 years in prison and must forfeit all illicit gains. Prosecutors claim that the criminal organization has a branch in Brooklyn, New York.

This article discusses the U.S. Department of Justice suing the Cambodian multinational fraud group "BCH Holdings" and the sanctions imposed on nine related companies in Taiwan. It first appeared on Chain News ABMedia.