Alleged executive of Prince Group behind Chen Zhi's scam empire arrested in Japan (opens original article in a new tab)

A suspected executive of the Prince Group, linked to a major scam operation, was arrested in Japan for falsifying residency documents.

• A 44-year-old Chinese-born Cypriot national, linked to Prince Holding Group, was arrested in Japan for falsifying a change-of-address form.
• Japanese authorities suspect the man, identified as Chen Xiao'er or Hu Xiaowei, of involvement in a large-scale scam operation sanctioned by the U.S. and UK.
• The Prince Group is accused of running cryptocurrency fraud schemes, including 'pig butchering,' targeting victims globally.