U.S. charges Cambodian tycoon in massive alleged cryptocurrency scam
toggle caption Rick Bowmer/AP
The U.S. government has seized bitcoin worth nearly $15 billion and charged a joint U.K.-Cambodian businessman, Prince Holding Group Chairman Chen Zhu, with wire fraud and money laundering. The Justice Department says the bitcoin is currently in U.S. government custody and calls the seizure the "largest forfeiture action" in the department's history.
In an indictment unsealed on Tuesday in federal court in Brooklyn, N. Y., prosecutors allege that Chen and unnamed co-conspirators exploited forced labor at cyber scam centers in Ca
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