Risky Bulletin Newsletter
January 15, 2026
China Fights Scam Compounds … For China
Presented by
Policy & Intelligence
China's recent crack down on Southeast Asian scam compounds is clearly good news. But its efforts to tackle the scourge are domestically driven and may even cause scammers to shift their focus to Americans.
Last week authorities announced that an alleged scam kingpin, Chen Zhi, had been arrested by Cambodian authorities and extradited to China. Chen is the founder of the Prince Group, which is ostensibly a Cambodian corporate conglomerate, but which US authorities allege was a transnational criminal organisation that operated forced-labour scam compounds engaging in various fraud schemes.
US authorities had taken action against Chen Zhi. Back in October of last year, he was sanctioned and indicted and had a whopping USD$15 billion worth of cryptocurrency seized by the US. But China had the regional clout to actually get him in handcuffs.