Crypto Tycoon Charged: 45s News You Need

Transcript

00:00Crypto tycoon charged, 45's news you need, a Cambodian tycoon accused of running a crypto

00:05empire and police just froze billions. The DOJ says 37-year-old Chenji faces wire fraud charges,

00:13money laundering charges after authorities seized a record $15 billion in Bitcoin.

00:18Prosecutors say victims were trapped in fortified compounds used as forced labor phone farms,

00:23thousands of phones, tens of thousands of fake accounts.

00:26The Treasury labeled the Prince Group a transnational criminal organization and hit 146

00:32targets with sanctions. Luxury yachts jets even a Picasso were allegedly bought with stolen crypto.

00:40Chen remains at large and could face up to 40 years if convicted.

00:44Allegations per DOJ and Treasury, reporting via CNN, CNBC, France 24, FBI, follow for updates,

00:51stay safe online.