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Cryptoqueen who fled China for London mansion jailed over £5bn Bitcoin stash
- On Tuesday, Zhimin Qian, 47, was sentenced to 11 years and eight months at Southwark Crown Court after admitting money laundering and possessing criminal property.
- Her firm, Lantian Gerui, ran a Ponzi scheme defrauding more than 128,000 victims across China between 2014 and 2017, and Zhimin Qian fled China to the UK in September 2017 using false documents.
- The Metropolitan Police seized more than 61,000 Bitcoins, valued over $6 billion, and found laptops containing �27.3million of Bitcoin wallets, recently .
- Prosecutors have set up a compensation scheme as thousands of Chinese victims press to recover investments that reflect Bitcoin's rise, while Jian Wen and Seng Hok Ling were jailed last year for six years eight months and four years eleven months respectively.
- The Met said the investigation involved unprecedented international cooperation with Chinese law enforcement and described it as one of the largest money‑laundering cases in UK history, noting the Bitcoin holding is currently priced at around £5 billion.
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Chinese 'cryptoqueen' who scammed thousands jailed in UK over Bitcoin stash worth $6.6 billion
A Chinese woman has been sentenced to over 11 years in prison in Britain for laundering money from a major scam in China. Police said Zhimin Qian was the mastermind of a Ponzi scheme that defrauded over 128,000 people. The…
A Chinese mastermind behind a years-long fraud has been sentenced to 11 years and eight months in prison.
·Copenhagen, Denmark
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She had defrauded over 100,000 of her compatriots with the "pyramid" method
A woman, accused by the police of buying cryptocurrencies worth billions of pounds using stolen funds from thousands of Chinese pensioners, was sentenced to 11 years...
·Milan, Italy
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Total News Sources103
Leaning Left15Leaning Right16Center20Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 30%
C 39%
R 31%
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