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The 44-year-old businessman, who heads the Jin Bei Group in Cambodia, was recently sanctioned by both the U.S. and U.K. governments for his alleged role in a transnational fraud and money laundering network overseen by Chen, the founder and chairman of Prince Holding Group.

The U.S. Treasury described these compounds as “among the most notorious of those owned by Prince Holding Group,” engaging in scamming, extortion, and forced labor. Zhu is also wanted by Chinese authorities for money laundering charges.

He gained Cambodian citizenship in 2017, adopting the name “Zhu Jack,” and acquired Cypriot citizenship with his wife, Wang Xiaoyan, in September 2018, according to Cyprus records.

Among Zhu’s assets are 29 Dubai properties, which he bought mostly between 2019 and 2022, according to The Organized Crime and Corruption Report Project.

They include 16 units across two floors of Creek Rise Tower 2 in Dubai Creek Harbour, valued at approximately $7.9 million, and a unit in Dubai Creek Residences.

He also acquired 10 units in HDS Tower near Dubai Marina and office spaces in Tamani Arts Office Building overlooking Burj Khalifa.

Although the exact value of these properties are unknown, typical units in this tower are listed from $400,000 to $680,000.

Tenancy records show 27 of Zhu’s properties were leased at various points through 2024, generating rental income.

Zhu’s wife Wang Xiaoyan purchased five luxury London properties between 2021 and 2022, worth at least $6 million.

These include apartments on the 59th floor of Landmark Pinnacle in Canary Wharf and three units near the former Battersea Power Station, according to U.K. property records.

The Landmark Pinnacle in Canary Wharf, London. Photo by Wikipedia/Stephen Richards

Zhu owns four U.K. companies registered at the same London address as his wife’s company Fuheng Wang Group, though their purpose and assets are unclear.

The U.S. government estimates that Americans lost $10 billion to Southeast Asia-based scam operations in 2024, with Prince Group’s sites being “particularly significant.”

The U.S. Department of Justice has seized $15 billion in Bitcoin from Chen and his network, an amount described as its “largest ever forfeiture action.”

Chen, chairman of the Prince Holding Group, allegedly leads the scam and money laundering network and oversees “forced-labor scam compounds across Cambodia in which workers were made to execute the scams at high volumes.”

Chen, whose whereabouts are unknown, holds citizenship in China, Cambodia, Vanuatu, St. Lucia, and Cyprus and has resided part-time in the U.K.

The U.K. foreign office highlighted the Prince Holding Group’s role in Southeast Asia’s growing criminal industry, using “sophisticated schemes, including scams in which people are lured into fake romantic relationships, to defraud victims on an industrial scale.”

It added: “Those conducting the scams are often trafficked foreign nationals, trapped and forced to carry out online fraud under threat of torture.”

Zhu is accused of playing a central role in the group’s Cambodian activities. Cambodian Heng Xin, a real estate investment company where Zhu serves as director, has also been accused by the U.S. Treasury of involvement in Prince Group’s fraud activities.

He currently faces both sanctions and legal charges, but his whereabouts are unknown. With his extensive property holdings and multiple passports, he is believed to be capable of evading legal consequences from both Chinese and U.S. warrants and sanctions.