US sanctions 45 more people and firms tied to Prince Group scam network
The US Treasury's sanctions office designated four individuals and 41 entities it says support Cambodia's Prince Group, which Washington treats as a transnational criminal organisation running crypto investment scams. Those named include relatives and associates of founder Chen Bo and eleven companies he still controls, among them Prince International Airlines. A Malaysian national accused of running an Africa-based scam ring was also listed. US prosecutors are separately pursuing forfeiture of about $14 billion in bitcoin linked to the group.