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

[dt1002]

Saw YouTube Taiwan documentary.
Beside changing airport . There is a high security storage for wealthy oversea ppl to keep their Gold Bar and valuable items
富豪天堂！全球最大私人金庫 藏「千億」金銀條【趨勢造夢者】 ‪@57ETFN‬

 

[crazythen]

Im afraid so

Then gg. Don’t think I can catch up with that….

 

[LPPLKPKB]

Fujian biggest export is scammers and launderers

Actually it’s best in transporting illegal immigrants.

 

[smith2006]

maybe he is the rat who rat out all the people for reduce punishment.

Zaobao today got report

《联合早报》注意到，在制裁名单中不同地区的公司，注册名却极为相似。例如，名为Alphaconnect、Greenbay、Binary，以及Drew的公司，同时出现在新加坡和台湾的公司登记名册上。

值得注意的是，这四家两地同名公司，都由名为林忠良（Lim Zhongliang）的我国公民所掌控。林忠良并未被美国列入制裁名单。

https://www.zaobao.com.sg/finance/singapore/story20251017-7680572

 

[yperic]

Prince Holding Group, accused by US authorities of running scam compounds across Cambodia, counts several Singaporeans among its top executives. It also previously engaged Temasek-owned consultancy Surbana Jurong (SJ Group) for a US$16 billion coastal development project in the kingdom.

Read more: https://bt.sg/M2D7

 

[TickTechToe]

The perpetrator tio confiscated 15 billion worth of bitcoin.. so Singapore gov will prosecute the Singaporeans involved in the scam syndicate and caned them?

 

[moonlighter_sg]

Without US and UK, all countries continue pretending to be "blind", not seeing the big white elephant in the room.

 

[uRiZEn]

How come this Karen like got no Linkedin account one.

 

[joshwong11]

regardless what surname
im sure they all are somehow linked

how many more undetected + how many strangers dinners going on? just that now probably dun dare take pics scared tio leak

whatever it is
we all know something is definitely gg on

no wonder we cracked the case so easily, the fujian gang members altogether only 1b+++ are given up to us by the CCP n cambodian corrupted officials to mislead us into thinking that we solved the regional case. who knows they are only the ops managers sidekicks behind the scam complex. this prince holdings dug out by usa cia is the real overlord running a legit mnc that receive most of the laundered money in the multibillions. follow the money trail likely can expose the entire high table crime lords

 

[TickTechToe]

no wonder we cracked the case so easily, the fujian gang members altogether only 1b+++ are given up to us by the CCP n cambodian corrupted officials to mislead us into thinking that we solved the regional case. who knows they are only the ops managers sidekicks behind the scam complex. this prince holdings dug out by usa cia is the real overlord running a legit mnc that receive most of the laundered money in the multibillions. follow the money trail likely can expose the entire high table crime lords

I think there are bigger boss behind.. this one only a general in a scamming kingdom... those big boss where got put their name for FBI to catch..

 

[joshwong11]

I think there are bigger boss behind.. this one only a general in a scamming kingdom... those big boss where got put their name for FBI to catch..

the prince holdings dont know acquire what sg assets or took up how much loans in sg. just 1 fujian gang already bought up 1b worth of properties across sg.

 

[stanlawj]

https://kiripost.com/stories/scores...ves-to-cut-the-group-off-its-financial-system

Scores of Huione Wallet Users Rush to Cash Out Money as the US Moves to Cut the Group Off Its Financial System

People queue at Huione Pay (Norodom Blvd branch), a subsidiary of the sanctioned Huione Group, to withdraw their money on October 17, 2025. Kiripost/Thang Sinorn

 

[8-lane]

Never knew that our own ppl are also behind the scams that plague our country (and others)... damn sad...

 

[dt1002]

the prince holdings dont know acquire what sg assets or took up how much loans in sg. just 1 fujian gang already bought up 1b worth of properties across sg.

The bank also involved?
No background checking before loan

 

[uRiZEn]

Singapore police seize over $150m in assets tied to Cambodia scam syndicate Prince Group​

Published Oct 31, 2025, 12:17 PM
Updated Oct 31, 2025, 02:05 PM

SINGAPORE – The police on Oct 30 seized and issued prohibition of disposal orders against six properties and various financial assets tied to Cambodian businessman Chen Zhi and his company, Prince Group, in relation to money laundering and forgery offences.
The assets, including bank accounts, securities accounts and cash, have a total estimated value of more than $150 million, said the police on Oct 31.
Other assets – including a yacht, 11 cars and multiple bottles of liquor – were also subject to prohibition of disposal orders.

Prince Group is a self-described multinational business conglomerate, with projects in Cambodia that include resorts and hotels.
Chen, who hails from Fujian in China and is also known as Vincent, has been accused by the US authorities of wire fraud and money laundering conspiracies, and for directing the operation of forced-labour scam compounds in Cambodia. He has been charged in absentia in New York.
Three Singaporeans –
Nigel Tang, Chen Xiuling and Alan Yeo
– were also sanctioned by the US authorities on Oct 14 in connection with a cybercrime probe linked to the Prince Group. Their assets in the US have also been blocked or frozen.

At least US$15 billion (S$19.5 billion) worth of Bitcoin and tens of millions in other assets, including properties in places such as London and the Pacific island of Palau, have been seized.

Chen and his known associates are currently not in Singapore, said the police.
The police had in 2024 received financial intelligence from the Suspicious Transaction Reporting Office about Chen and his associates, and started investigations.

Given that the criminal activities were being conducted overseas, the police engaged relevant foreign counterparts for information and assistance.

Bottles of liquor that were seized and issued with prohibition of disposal orders by the police.
PHOTO: SINGAPORE POLICE FORCE
With additional information obtained from the US and Britain on Oct 14, the police worked with member agencies of the Anti-Money Laundering Case Coordination and Collaboration Network (AC3N), leading to enforcement operations against Chen and his associates launched on Oct 30.

Combating money laundering​

The AC3N is a group led by the police and the Monetary Authority of Singapore (MAS), comprising other law enforcement and intelligence agencies involved in combating money laundering in the Republic.
The MAS said separately on Oct 31 that it is working with the police through the network for investigations related to the Prince Group.
Suspicious transaction reports have been filed against the group by financial institutions since 2022, said the MAS, with suspicious accounts closed to prevent larger sums being held in Singapore’s financial sector.
Mr David Chew, director of the police’s Commercial Affairs Department, said: “This case involves a complex, large-scale transnational fraud network that exploits digital and financial infrastructures across multiple jurisdictions...
“We will continue to work with our foreign law enforcement counterparts and financial intelligence units and domestic partners to fight such organised crime groups and money laundering networks.”
Police investigations are ongoing.

https://www.straitstimes.com/singap...linked-to-scam-syndicate-prince-holding-group

The Karen guy I thought quite recently still in sg when news broke out us sanction prince group. Now she out of the country?

 

[SkyNinja]

This prince saga is much bigger than fujian gang.

 

[Wanderer123]

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

• 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

Sounds like a family fund wor....

 

[johnsonheng]

They do care (to a very limited degree), which is why they applied a very targeted sanction. If they bochup, would have sanctioned our institutions liao.

Still this is quite a worrying trend. It's as if Yankees are warning us.

It's a pity sinkies are so apathetic towards politics because this is quite an embarrassment for our leaders.

To learn that Temasek backed coys, might have built some of those scam compounds?? Simply wow.

They can just sanction our bank and ban them from trading in USD. You see how hard and fast our government will act on the scammer