Chen Zhi previously bragged he was worth$60 billion.....

[jurongwest]

For years, well-connected but mysterious tycoon Chen Zhi lived the high life. The 38-year-old Chinese billionaire accumulated luxury property around the world, including a mansion in London and designer condos in Singapore. In Cambodia, he built a real estate and business empire that included a bank and a watchmaking school producing luxury timepieces gifted to world leaders.

But Chen’s world unraveled in October 2025, when he was accused by US authorities of operating “one of the largest transnational criminal organizations in Asia.” Alongside the UK, they sanctioned Chen, his associates and related companies. Authorities also accused Prince Holding Group, the conglomerate he founded and chairs, of operating scam centers that laundered billions of dollars stolen from victims worldwide.

For months, there were few signs of Chen even as he mounted a legal counteroffensive against the US charges. Then, in a surprise twist, he was arrested on Jan. 6 in Cambodia and extradited to China for investigations.

Who is Chen Zhi?

Chen was born in China’s Fujian province in 1987. He became a Cambodian citizen in 2014 and subsequently renounced his Chinese citizenship, although China has since said he is still a Chinese national. He also holds passports from Saint Lucia, Vanuatu and Cyprus.

The since-removed website of his Singapore family office described him as a “young business prodigy” who got his start setting up gaming centers in Fujian province’s capital, Fuzhou. He began investing in real estate in Cambodia in 2011, and later founded Prince Holding Group, a Cambodia-based conglomerate whose interests span entertainment, finance and supermarkets.

Chen became politically well-connected in Cambodia, serving as an adviser to the country’s former leader Hun Sen and his son and current Prime Minister Hun Manet. He also advised other senior figures, including former deputy premier and interior minister Sar Kheng and Heng Samrin, the former president of Cambodia’s lower house. Chen was also granted the honorary title of a “Oknha” — roughly equivalent to a lord — typically awarded to those who have made significant financial contributions to the state.

According to US prosecutors, Chen, who also goes by the name Vincent, has lived in Singapore, Taiwan and the UK, where he has numerous assets.

What is Prince Holding Group?

Prince Group grew into a major property conglomerate in Cambodia after it was founded in 2015, buoyed by a real estate boom driven by an influx of Chinese cash. Among its most high-profile projects is a $16 billion, 934-hectare development — now known as the Bay of Lights — being built near the southwestern coastal city of Sihanoukville. Prince Group has received investment from, and formed partnerships with, several multinational firms to develop and operate hotels at the site.

The group also claims to have “over 100 businesses in Cambodia” spanning sectors beyond property, including tourism, logistics and technology. It runs Prince Bank Plc., which began as a micro-financing firm in 2015 and grew within a decade into a mid-sized commercial bank, holding about 4.67 trillion riels ($1.2 billion) in deposits at the end of 2024. The group has also previously claimed to have owned local airline Cambodia Airways.

Through its charitable arm, the Prince Foundation, the group established Prince Horology, a watchmaking school that produced luxury timepieces. Some were gifted to world leaders, including then-US President Joe Biden and Canadian Prime Minister Justin Trudeau, during a regional summit in 2022.

More at https://url1.io/siIKQ

 

[eatshitndie]

more like $69b.

 

[congo9]

If one can have $100 million in his life time, it's consider very good.

 

[eatshitndie]

If one can have $100 million in his life time, it's consider very good.

$69m is great for me, although $6.9m is more than good enough for a rental room in bedok south.

 

[Sustanon]

Really ah ok lor. Even a janitor beat this fucking loser in life hands down. Why ah??? lol..... his wife is busy sucking another cock in her mouth and getting creampie over and over while this loser awaits for his execution.... Happy Waiting & Happy CNY Chen Zhi... yay....

“young business prodigy” KNN laugh die me lol...... Ji Ki Lan ok Ji Ki Lan..... same as another loser Jho Loh...

 

[aerobwala]

Sep 23, 2025 2:39 PM EST

NEW YORK (AP) — The U.S. Secret Service has found and is quietly dismantling a massive network of "SIM farms" across the New York area just as world leaders gather for meetings at the United Nations.

​

Matt McCool, the special agent in charge of the Secret Service's New York field office, said agents found multiple sites filled with servers and stacked SIM cards, of which more than 100,000 cards were already active. Though the investigation is ongoing and no arrests have been made, he described it as a well-funded, highly organized enterprise and possibly run by nation-state actors — perpetrators from particular countries.

Officials also warned of the havoc the network could have caused if left intact. McCool compared the potential impact to the cellular blackouts that followed the Sept. 11 attacks and the Boston Marathon bombing, when networks collapsed under strain.

So what are these SIM farms and what are they capable of?

What the tech does​

SIM farms are hardware devices that can hold numerous SIM cards from different mobile operators. These devices then exploit voice over internet protocol (VoIP) technology to send and receive bulk messages or calls.

While initially developed for legitimate purposes, such as low cost international calling, the technology has become a cornerstone of organized fraud targeting mass audiences — phishing texts and scam calls.

"Scams have become so sophisticated now. Phishing emails, texts, spoofing caller ID, all of this technology gives scammers that edge," said Eva Velasquez, president and CEO of the Identity Theft Resource Center.

In this case, the devices were concentrated within 35 miles of the U.N. building. The investigation is ongoing, but McCool said forensic analysis currently believe the system could have been used to send encrypted messages to organized crime groups, cartels and terrorist organizations.

How these farms pose a threat to telecom networks​

Anthony J. Ferrante, the global head of the cybersecurity practice at FTI, an international consulting firm, said the photos show a very sophisticated and established SIM farm that could be used for any number of nefarious activities, including the potential to overwhelm cellular networks with millions of calls in just a few minutes.

"So if you can imagine that type of magnitude on cellular networks, it would just overwhelm them and cause them to shut down," Ferrante said in an interview. He also notes that it's possible the system could be used for surveillance operations, given its proximity to the United Nations, "potentially that equipment could be used to either intercept communications, eavesdrop on communications, or actually, clone devices, as well."

Ferrante, who previously served in key security positions at the White House and the FBI, says he's awaiting the results of the investigation before drawing any conclusions about the nature of the setup, but he emphasizes that the scale of the operation shows how simple tools can pose real risks to critical infrastructure.

"The masterminds could have set this up a long time ago and be operating from thousands of miles away," he said. "It's a stark reminder of how deeply interconnected our world has become, where local vulnerabilities can be exploited globally."

 

[aerobwala]

From 22:56 onward

 

[Nymphomania]

$60B? Yeah sure.