UK Tackles Largest Bitcoin Money Laundering Case

Zhimin Qian, 47, sentenced to 11 years and 8 months for money laundering and criminal property.
Her firm Lantian Gerui ran a Ponzi scheme defrauding 128,000 Chinese victims (2014-2017).
She fled China to UK in September 2017 using false documents.
Met Police seized 61,000 Bitcoins worth $6B and found £27.3M Bitcoin wallets.
Prosecutors set up a compensation scheme for victims.
Jian Wen and Seng Hok Ling jailed for 6 years 8 months and 4 years 11 months.
Investigation involved international cooperation with Chinese law enforcement.
Case is largest money-laundering case in UK history with Bitcoin valued at £5B.

International Cooperation | Money Laundering | Ponzi Scheme

United Kingdom | China

Zhimin Qian | Jian Wen | Seng Hok Ling

2 months ago