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62 people indicted by Taiwanese prosecutors over ties to cyber scam company Prince Group

Therecord.Media • March 5, 2026

The Taipei District Prosecutors Office initiated its investigation in October after Chen Zhi, the founder of the Prince Group, was indicted by U.S. prosecutors on money laundering charges.

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Taiwan Indicts 62 in Cyber Scam Linked to Prince Group Taiwanese prosecutors have indicted 62 individuals connected to the Prince Group, a network implicated in a $339 million cryptocurrency scam. The group's founder, Chen Zhi, was previously indicted by U.S. authorities on money laundering charges and is considered a key figure in the organization, which has been designated as a transnational criminal organization by the U.S. Department of Justice. 2 sources 72

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Prince Group