Published 2 months ago

Woman jailed for laundering bitcoin in UK from $6.4 billion China fraud

A former Chinese takeaway worker has been sentenced to more than six years in jail for money laundering, involving over £3bn worth of Bitcoin.
Jian Wen, 42, was flagged by police due to attempts to purchase high-value London properties, leading to the discovery of £1.4bn cryptocurrency now valued over £3bn.
Wen, not involved in the fraud, was convicted of money laundering linked to 150 Bitcoin, now valued at nearly £8m, following a retrial at Southwark Crown Court.

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Reuters

Woman jailed for laundering bitcoin in UK from $6.4 billion China fraud

A woman accused of converting bitcoin into cash and property to help hide the proceeds of a 5 billion pound ($6.4 billion) fraud was jailed for nearly seven years on Friday for money laundering after a trial in a London court.

2 months ago·United Kingdom

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South China Morning Post

UK woman Jian Wen jailed for laundering bitcoin tied to massive China fraud

Wen went from staying in the basement of the Chinese takeaway where she worked in London to living in a mansion and going on shopping sprees at Harrods.

2 months ago·Hong Kong

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Sky News UK

Chinese takeaway worker Jian Wen jailed for money laundering after £3bn Bitcoin seizure

Wen, 42, tried to buy properties in London, including a £23.5m seven-bedroom Hampstead mansion with a swimming pool and a £12.5m home with a cinema and gym.

2 months ago·United Kingdom

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Bloomberg

UK Woman Jailed for Laundering Crypto Tied to $5.6 Billion Fraud

A woman was sentenced to six years and eight months in jail for laundering massive amounts of Bitcoin linked to a $5.6 billion investment fraud in China.

2 months ago·United States

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Malay Mail

Woman jailed for laundering bitcoin in UK from £5b China fraud

LONDON, May 24 — A woman accused of converting bitcoin into cash and property to help hide the proceeds of a £5 billion (RM30 billion) fraud was jailed for nearly seven years today for money laundering after a trial in a London court. Prosecutors said Wen Jian helped hide the source of money allegedly stolen from nearly 130,000 Chinese investors in fraudulent wealth schemes between 2014 and 2017. She was not alleged to have been involved in the …

2 months ago·Selangor, Malaysia

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WTVB

Woman jailed for laundering bitcoin in UK from $6.4 billion China fraud

By Sam Tobin LONDON (Reuters) – A woman accused of converting bitcoin into cash and property to help hide the proceeds of a 5 billion pound ($6.4 billion) fraud was jailed for nearly seven years on Friday for money laundering after a trial in a London court. Prosecutors said Wen Jian helped hide the source of money allegedly stolen from nearly 130,000 Chinese investors in fraudulent wealth schemes between 2014 and 2017. She was not alleged t…

2 months ago

Read Full Article

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