Prince Holding Group (Prince Group): Scam Risk, Fraud Allegations & Regulatory Status

Prince Holding Group (often referred to as Prince Group) is a large Cambodian-based corporate conglomerate with purported interests in real estate development, financial services, consumer businesses, and other sectors. It was established around 2015 and describes itself as operating in more than 30 countries, with subsidiaries in real estate, banking, and other industries. (Wikipedia)

However, recent investigations and legal actions by the United States, the United Kingdom, and other authorities have exposed the company and its leadership to serious criminal allegations — far beyond normal business operations.

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1. Major Criminal Indictment and Fraud Allegations

The United States Department of Justice (DOJ) has publicly indicted Chen Zhi (also known as Vincent), the founder and chairman of Prince Holding Group, on charges of wire fraud conspiracy, money laundering conspiracy, and operating large-scale investment fraud schemes involving cryptocurrencies. These schemes were allegedly run out of “forced-labor scam compounds” in Cambodia, where workers were coerced or trafficked under threat of violence to conduct fraud operations targeting victims worldwide. (Department of Justice)

According to the DOJ:

• Prince Group’s network allegedly orchestrated crypto investment fraud (so-called “pig butchering” scams) that deceived victims into sending funds under false pretenses of profitable investment.
• The stolen cryptocurrency and proceeds were laundered and used for lavish personal purchases and luxury assets.
• Bitcoin and crypto worth approximately $15 billion have been seized by authorities in connection with the case — the largest cryptocurrency seizure in U.S. history.
• Workers inside scam compounds were kept in deplorable conditions and forced to facilitate fraud operations. (Department of Justice)

These are criminal allegations in an active federal prosecution, with potential prison terms of up to 40 years for the chairperson if convicted. (Department of Justice)

2. International Law Enforcement and Sanctions

Authorities from multiple countries have taken action:

• The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has designated Prince Holding Group as a transnational criminal organization, imposing sanctions on the conglomerate and numerous associated individuals and business entities. (East Asia Forum)
• The U.K. government also imposed sanctions and asset freezes against the group and its leadership. (The Star)
• Cambodia has cooperated to some extent, with recent extradition actions related to its chairman. (AP News)

These sanctions mean that U.S. persons and companies, and often many international financial institutions, are prohibited from transacting with the group or its affiliates.

3. Extradition and Enforcement Actions

In early January 2026, Cambodian authorities extradited Chen Zhi to China following requests from Beijing. This came after international pressure due to his alleged role in orchestrating the massive scam network. (AP News)

The extradition marks a notable development in the international pursuit of accountability for these crimes. Regardless of the extradition jurisdiction, the underlying fraud allegations stand and have been widely reported and acted on by major national law enforcement bodies.

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4. Company’s Own Denials and Public Position

Prince Holding Group officially denies involvement in scam operations and maintains that the allegations are baseless, claiming harm to innocent employees, partners, and communities served by the company. It asserts it will be exonerated once “the facts come out.” (VnExpress International)

However, this denial exists alongside serious federal indictments, multi-country sanctions, asset seizures, and criminal allegations from multiple governments.

5. External Descriptions and Media Coverage

Independent descriptions — including from credible sources like financial regulators, international media, and government press releases — frame Prince Holding Group not as a straightforward legitimate investment conglomerate, but as an organization accused of masterminding sophisticated investment fraud operations. (Department of Justice)

These allegations extend to misuse of shell companies, cryptocurrency laundering strategies, and operation of scam centers in Cambodia and elsewhere that defraud victims through fake investment schemes, romance fraud, and more. (East Asia Forum)

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Conclusion: High Scam & Fraud Risk Profile

Prince Holding Group (aka Prince Group) cannot be assessed as a legitimate investment platform or trading firm in the way a regulated financial services company would be. Instead, it is:

• Under criminal indictment in the United States for orchestrating large-scale crypto investment fraud and money laundering. (Department of Justice)
• Sanctioned by U.S. and UK authorities as a transnational criminal organization. (East Asia Forum)
• Linked in multiple reports to abuse of forced labor and fraudulent “pig butchering” schemes targeting victims globally. (Department of Justice)
• Facing asset seizures, international enforcement actions, and ongoing prosecution of its leadership. (Department of Justice)

Final Assessment: Prince Holding Group is widely associated with alleged large-scale fraud, cybercrime, and money laundering, not with legitimate investment services or regulated financial activity. For individuals evaluating any financial interaction or investment claim associated with this name, extreme caution — and typically avoidance — is strongly advised.

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