Zhu Zhongbiao is a target in a comprehensive sanctions package released by the US Treasury Department and the UK's Foreign Affairs, common prosperity and Development Office on October 14, accusing Zhu of being a member of a billion-dollar fraud and money laundering empire known as the " Prints Group National Criminal Organization". Zhu was accused of " being or having been involved in the operations of fraudulent centers in Cambodia, including through Jin Bei Group".
In the business registration in Cambodia, Zhu Zhongbiao was identified as the chairman and owner of Jin Bei Group and all subsidiaries of this group. US officials said that Jin Bei Group owns a chain of attractive online gambling establishments that are accused of organizing many fraudulent activities.
The US Treasury Department said that Jin Bei Group's activities are "one of the most notorious activities of the Prince Group" related to fraud, blackmail and forced labor. Zhu Zhongbiao is also wanted by Chinese law enforcement for money laundering allegations.
The US and the UK accused Prince Group Chairman Chen Zhi of leading the fraud and money laundering network. In addition to the sanctions imposed by the US Treasury Department, the US Department of Justice also issued an indictment on October 14 accusing Chen Zhi of being behind "forced labor fraud across Cambodia, where workers are forced to commit large-scale fraud".
British and US authorities have sanctioned a number of individuals under Chen Zhi, including Zhu Zhongbiao.
Zhu Zhongbiao became a Cambodian citizen in 2017 and changed his name to "Zhu Jack". Zhu Zhongbiao became a British citizen in September 2018 with his wife Wang Xiaoyan. However, last year, there was information that Cyprus revoked Zhu Zhongbiao's passport with Zhu's wife and children.
UAE records show Zhu Zbiao is also a resident of Dubai, with the last recorded departure from the country in May 2025.
According to data on home ownership and rental contracts in Dubai, Zhu Zhongbiao has bought at least 29 real estates here. The real estate covers 2 floors, including 16 apartments - of Creek Rise Tower 2, a luxury apartment complex at Dubai Creek port. Zhu Zhongbiao has also bought at least one apartment at another nearby development project, The Dubai Creek Residences. The total value of real estate purchased at Creek Rise by Zhu Zhongbiao is worth at least 7.9 million USD.
Zhu Zhongbiao has also bought at least 10 apartments at HDS Tower, a luxury office building near the Dubaiets, as well as offices at the Tamani Arts Office Building overlooking the Burj Khalifa. There is no data on the purchase value of Zhu Zhongbiao's office real estate investments. However, most individual apartments at HDS Tower are being offered for sale at prices ranging from 400,000 to 680,000 USD.
Most of Zhu Zhongbiao's sales in Dubai were conducted from 2019 to 2022, after becoming Chairman of Jin Bei Group in 2018.
Data on rental contracts in Dubai also shows that at least 27 of Zhu Zhongbiao's real estates have been officially leased at various times until 2024 and have generated rental income.
Meanwhile, Wang Xiaoyan, Zhu Zhongbiao's wife, is the sole controlling shareholder of Fuheng Wang Group in the UK. The company has jointly bought at least five luxury properties in London between 2021 and 2022.
