In Taiwan, prosecutors detained 25 suspects and seized about $150 million in assets, including 26 luxury cars — among them a Ferrari, Bugatti, and Porsche — and 11 upscale apartments in Taipei. Taiwanese media reported that one of the seized buildings is the same residence where pop icon Jay Chou lives.
The same day in Hong Kong, police confiscated HKD 2.75 billion ($353 million) in cash, stocks, and financial instruments, reportedly linked to Chen’s accounts.
Meanwhile, in the United Kingdom, authorities seized a £12 million ($15.6 million) mansion in North London and a $130 million office building, both connected to the Prince network.
Chen Zhi’s Rise and Alleged “Pig Butchering” Empire
Chen, a Chinese-born businessman who obtained Cambodian citizenship, rose to prominence through Prince Holding Group, which has interests in banking, real estate, and finance. However, according to the U.S. indictment, much of his wealth allegedly came from orchestrating massive online scams, including the infamous “pig butchering” operations — deceptive investment schemes that he once boasted generated $30 million daily.
