UK freezes $12M London penthouse of alleged Prince Group finance chief

Britain has frozen a London penthouse worth £9 million ($12 million) linked to Thet Li, the man accused of running the finances of the Prince Group. That is the same alleged scam empire tied to $15 billion in Bitcoin that the US has moved to seize. Who is Thet Li, and what did the UK freeze Thet Li, also identified as Li Tian, is described as the Prince Group’s finance chief. Authorities allege he managed the flow of illicit funds through the conglomerate. He holds Chinese, Cambodian, and Vanuatu citizenship as of 2026. The £9 million penthouse freeze in March 2026 falls under the UK’s sanctions push against the Prince Group. In practical terms, Li cannot sell, rent, or otherwise profit from the property while the freeze stands. Li was not a new name to sanctions authorities. The US sanctioned him in October 2025, alongside Prince Group founder Chen Zhi. That same US action labeled the Prince Group a transnational criminal organization. On October 12, 2026, UK authorities also froze a London mansion valued at approximately 170 million yuan (around $24 million) and luxury watches linked to Li. The Bitcoin at the center of it all The US Department of Justice moved to seize about 127,...