The Department of Justice has seized astir $15 cardinal worthy of bitcoin held by a antheral who oversaw a monolithic "pig butchering" fraud cognition based successful Cambodia, prosecutors said Tuesday.
The seizure is the largest forfeiture enactment by the DOJ successful history.
An indictment charging the alleged pig butcherer, Chen Zhi, was unsealed Tuesday successful national tribunal successful Brooklyn, New York.
Zhi, who is besides known arsenic "Vincent," remains astatine large, according to the U.S. Attorney's Office for the Eastern District of New York.
Zhi was identified successful tribunal filings arsenic the laminitis and president of Prince Holding Group, a multinational concern conglomerate based successful Cambodia.
The Prince Group's cognition included "forced-labor scam compounds crossed Cambodia," the U.S. Attorney's Office said successful a property release.
"Individuals held against their volition successful the compounds engaged successful cryptocurrency concern fraud schemes, known arsenic 'pig butchering' scams, that stole billions of dollars from victims successful the United States and astir the world," the merchandise said.
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