US EditionCryptoqueen 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
LONDON (AP) — A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a U.K. court on Tuesday to over 11 years in prison. Related Articles Apple pulls two gay dating apps in China under government order Exiled Syrian opens up about death-defying smuggling operation that showed proof of Assad’s cruelty …
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.
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