China takes custody of alleged Huione Group

A key figure allegedly behind the Huione network has been extradited to China, where he will face fraud and money laundering charges. A report from Hong Kong-based news outlet Ta Kung Wen Wei noted that Li Xiong, who was part of a group that helped scam rings in Asia launder illicit funds, was escorted back to China from Phnom Penh, Cambodia, citing a statement from China’s Ministry of Public Security on WeChat. Xiong was a core member of the Chen Zhi criminal syndicate, according to the report, and had previously served as chairman of Huione Group, a network that supported…