Billion-Dollar Bust

A Chinese man accused of operating a $61.8 billion online casino has been arrested. The man, identified only as Zhou, has been on the run for two years. He was picked up last month at a restaurant in Vietnam.

Police in Vietnam last month arrested a Chinese man accused of running a multibillion-dollar online gambling operation, according to CalvinAyre.com. The illegal enterprise, allegedly operated by the man identified only by the surname Zhou, has been valued at .8 billion, the Shanghai Daily reported.

Zhou reportedly set up the site in 2011 and made total profits of 580 million yuan (US$89.6 million) when it was up and running. In 2014, he fled the country when he learned he was under investigation by the International Criminal Police Organization. Last year, the Chinese Ministry of Public Security asked law enforcement in Vietnam to arrest Zhou, and in March, a team of Hanoi and Chinese police officers arrested him at a restaurant in the city. Zhou has since been deported to Mainland China.

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