Chen Zhi Arrest Approved With Reduced Charges and Added Copyright Infringement Allegations

Prince Group founder Chen Zhi faces arrest approval with charges shifted to money laundering and copyright infringement, following extradition from Cambodia.

Woofun AI reports that Chen Zhi, founder of the Prince Group, was formally approved for arrest on July 6 after being extradited from Cambodia to China in January 2026. The criminal charges against him have been adjusted; while original allegations included operating casinos and fraud, the current focus is on concealing and disguising criminal proceeds, with new charges of copyright infringement and intentional harm added. Authorities previously seized $15 billion in Bitcoin linked to his global telecommunications fraud network centered around "Gold Shell Park."