10 Takeaways on the US-UK War Against the Scam Compounds

World of Crime breaks down, in great depth, every facet of the indictment against Chen Zhi and Prince Group and whether this will weaken the global pig-butchering industry.

Fortune does not just buy luxury, it buys impunity.

For years, Chen Zhi, the Chinese-born tycoon and chairman of the monolithic Prince Group Holding Co., operated under this creed, building high-rises, malls, and even a commercial bank while simultaneously presiding over a global engine of fraud and forced labor.

After years of international pressure, with increasingly bleak exposes about the sheer span of the scam compounds Chen ran, the US and UK have taken major steps towards bringing down his operation.

The two countries jointly sanctioned the Prince Group and 146 associated individuals and entities, effectively exiling the entire conglomerate from the global financial system. Simultaneously, U.S. federal prosecutors unsealed an indictment charging Chen with conspiracy to commit wire fraud and money laundering.

And in parallel, World of Crime explains how every one of the 146 entities and people sanctioned alongside Chen fit into his global operations. View the full list here.