"Taiwan indicts 62 over suspected scam centre operator Prince Group", 4 March 2026

Taipei prosecutors … indicted 62 people linked to the Prince Group, a multinational network accused of running a vast network of scam centres, ​including the company's chairman who was arrested and deported to China from Cambodia ...

Chen ‌Zhi, who founded the conglomerate the U.S. alleges is a front for a multibillion-dollar online fraud and money laundering operation, was pictured by Chinese state media hooded and handcuffed as he was led off ​a plane at a Beijing airport …

Taipei prosecutors said in a ​statement that Taiwan was one of the locations where Chen had ⁠funnelled illicit funds via shell companies, buying luxury goods, sports cars and real ​estate.

"This was done to conceal and disguise the source and flow of the criminal ​proceeds," it said.

The funds remitted into Taiwan from overseas by members of the group for alleged money-laundering purposes totalled around T$10.8 billion ($339.12 million), where they bought 24 properties, 35 vehicles, and held T$55.53 ​million in other assets such as cash, designer bags, and shoes, the statement ​said.

More than T$5.5 billion in assets have been seized in Taiwan, the prosecutors' office added.

…, the Prince Group denied any wrongdoing in a statement issued via a U.S. law firm…

Authorities across Asia, including Singapore and Hong Kong, have also seized assets or detained individuals linked to the Prince Group.

The transnational ⁠scam ​industry emerged in Southeast Asia during the pandemic. It ​is believed to generate billions of dollars a year for organised crime using trafficked workers to defraud victims ​from around the world.