US, UK target Cambodian crime syndicate in major sanctions. $15B bitcoin and London properties seized by authorities. Prince Group, Jin Bei linked to trafficking, online scams. The US and UK governments have imposed sanctions on a Cambodian casino group and associated businesses alleged to be involved in cyber scams and human trafficking in the Southeast Asian nation. Authorities said they have also seized $15 billion in bitcoin and frozen London properties owned by the alleged leaders. Chen Zhi, above, the Chinese-born billionaire who presides over the notorious Prince Group, which has been designated a transnational criminal organization by the US government. (Image: Prince Group) Those include China-born Chen Zhi, 38, chairman of the notorious Prince Group, which owns casinos, property developments, and a commercial bank in Cambodia. Chen is reportedly well-connected to the authoritarian state’s notoriously corrupt government and an advisor to Prime Minister Hun Manet. The Prince Group was designated by the US Treasury Department Tuesday as a “transnational…Read MoreCategory: Asia Pacific Gaming, Crime & Scandals, Cambodia, Chen Zhi, cyber scams, human trafficking, Jin Bei, Prince GroupSource: Casino.org