1. Hu Xiaowei, the second-in-command of the Prince Holding Group, was arrested by Japanese police in Osaka on June 14 for allegedly falsifying electronic notarized records to obtain permanent residency. This ended a multi-month evasion where he moved between Cambodia and Japan, and surfaced in Britain, at times aboard a Falcon 8X private jet. [para. 1][para. 2][para. 3][para. 4]
2. His arrest followed the downfall of Prince Group founder Chen Zhi. U.S. authorities charged Chen in October 2025 with wire fraud and money laundering tied to "pig-butchering scams" and sought the forfeiture of 127,271 bitcoins (~$15 billion). [para. 8][para. 10] On June 23, the U.S. Treasury sanctioned Hu, eight others, and 26 entities linked to Prince Group for helping supervise its international aircraft, real estate, and illicit gambling activities. [para. 7]
3. Caixin's review found Hu operated under multiple identities—Hu Shi (Cyprus), Hu Yanming (Hong Kong), Chen Xiao'er (China/St. Kitts), and Hu Xiaowei (Cambodia)—to obscure his business links. [para. 11][para. 12] Chen regarded Hu as a mentor and "big brother" who introduced him to the online gaming business. [para. 13]
4. Both men emerged from the grey market of the game *Legend of Mir*. Hu was an alleged ringleader of the Knight Attack Team, which coerced advertising sites and generated nearly 100 million yuan ($14.8 million) from them. After a 2011 police crackdown, the Chongqing University graduate fled China, first hiding in the Philippines before using the identity Chen Xiao'er to set up a Hong Kong company. [para. 15][para. 16][para. 17][para. 18]
5. From 2014, Hu built a complex network. A Jiuxiyun-linked cluster of aircraft leasing companies listed "Chen Xiao'er" as chairman (whose corporate photo resembled Hu) and acquired a Dassault Falcon 8X and Gulfstream G650ER. The Falcon 8X was held by CN Breeze, where Hu was a director; the network also sold three Airbus aircraft to Cambodia Airways for roughly $45 million each. He also invested in a planned 1.9 billion yuan blood-substitute project. [para. 22][para. 24][para. 26][para. 27][para. 28]
6. Hu's offshore network centered on Future King Inc. in the British Virgin Islands, which managed funds including Hong Kong's Future Wing Financial, which received millions from scam victims. [para. 29] It invested in Singapore's Future Oasis, where over S$600 million ($468.6 million) in assets was frozen. Through Future King, Hu also became a shareholder in Hong Kong asset managers and China Evergrande's property arm. [para. 30][para. 31]
7. The layering of multiple identities and companies repeatedly distanced Hu from direct scrutiny until the U.S. Treasury action officially linked these entities. [para. 32][para. 34] Following Japanese summary proceedings, where he was fined and stated he wanted a safe place to live, Hu was placed on a U.S.-bound flight on July 29. [para. 5][para. 35]
AI generated, for reference only