US EditionYadi Zhang: Woman pleads guilty to money laundering over £5bn Bitcoin seizure
- A 45-year-old woman admitted guilt on Monday at Southwark Crown Court to charges of acquiring and possessing assets linked to the largest cryptocurrency confiscation in the UK.
- Qian defrauded over 128,000 victims in a large-scale Chinese fraud scheme between 2014 and 2017 before fleeing to the UK in 2018 using false documents and attempting to launder proceeds by buying property with Jian Wen's help.
- Detective Sergeant Isabella Grotto led the Met Police's extensive investigation, which spanned several years and involved gathering evidence across different countries, alongside close collaboration with law enforcement agencies in China, ultimately linking Qian to cryptoassets valued at over £5.5 billion.
- Will Lyne, who leads the Met’s Economic and Cybercrime Command, commented that the guilty plea represents the successful conclusion of a lengthy and thorough inquiry carried out by the Met’s Economic Crime teams along with their collaborators.
- On Wednesday, 22 May 2024, Qian received a prison term of six years and eight months, representing a key development in one of the largest UK cryptocurrency money laundering prosecutions.
76 Articles
76 Articles
In the United Kingdom, a woman from China has been convicted of large-scale cryptocurrency fraud. In total, she defrauded more than 128,000 people of 61,000 bitcoins, equivalent to approximately €6 billion. This earned her the nickname "Goddess of Wealth."
For years, the one who was nicknamed "the goddess of wealth" swindled tens of thousands of people in China into bitcoins before fleeing to the United Kingdom.
Sentenced in London after seven years of cavalry, Zhimin Qian, nicknamed "the goddess of wealth", admitted having diverted the equivalent of €6 billion into cryptocurrency. The case, called "the greatest seizure in the world", claimed more than 128,000 victims.
Chinese Woman Convicted in UK for Leading $6.9B Bitcoin Scam
The leader of a fraudulent bitcoin (BTC) operation pleaded guilty in the U.K. Crown Court for her role in the 5.1 billion pound ($6.9 billion) scam.Chinese national Zhimin Qian, 47, was convicted for acquiring and possession of criminal property, namely cryptocurrency, the Metropolitan Police announced on Monday.Qian, also known as Yadi Zhang, defrauded more than 128,000 victims in China between 2014 and 2017, subsequently storing her spoils in …
Zhimin Qian, also known as Yadi Zhang, swindled nearly 130,000 people. ...
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