US sanctions 3 Singaporeans in global fraud takedown tied to Cambodian scam empire

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johnsonheng

johnsonheng

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fordsolo said:
https://ofac.treasury.gov/recent-actions/20251014

a894b68273388aae015b65a810a089098ea75ba489c4de5fac31d938c49d2c86

  • US sanctions three Singaporeans and 17 entities linked to Chen Zhi and Prince Holding Group for alleged involvement in transnational criminal activities.
  • Chen Zhi is accused of operating forced-labour scam compounds in Cambodia, defrauding victims globally, with the US seizing US$15 billion in Bitcoin.
  • Karen Chen, Nigel Tang and Alan Yeo are implicated for their roles in managing Chen Zhi's assets, companies and financial transactions.
In one of the largest financial fraud takedowns in history, three Singaporeans and 17 Singapore-registered entities have been sanctioned by the US over their alleged links to Cambodian national Chen Zhi (above photo), his affiliates and Prince Holding Group.

In a statement on Oct 14, the US Treasury Department’s Office of Foreign Assets Control said these individuals and entities have been added to its Specially Designated Nationals and Blocked Persons list.

This effectively bars US persons from conducting any transactions with them and requires the blocking of any property in their possession or under their control.

The US authorities alleged that Chen Zhi and his top executives grew Prince Holding Group – a multinational conglomerate – into “one of Asia’s largest transnational criminal organisations”.

One name stands out among the Singaporeans: Chen Xiuling, also known as Karen Chen. US authorities alleged that she is owned, controlled by, or acted on behalf of, Prince Holding Group.

https://www.straitstimes.com/busine...-fraud-takedown-tied-to-cambodian-scam-empire
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USA got involve because they scam a lot of USA citizen particular those retired people.

The scam centre was operating for a long time and USA never intervene.

Those people went to touch the lion Butt. Now it is biting back
 
Z

zuppeur

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uselessbum said:
To be fair, this is not the same. This Alan Yeo guy seems to be born sinkie but later on somehow got China citizenship. But the thing is that China officially does not allow dual citizenship either. They must have known that he was a sinkie, so why did they still give it to to him without requiring him to renounce sg one? Some might theorize that it was intentional.

:(
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someone said alan yeo is jhk convert.
 
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