A Chinese woman, Zhimin Qian (also known as Yadi Zhang), has been sentenced in the UK after admitting her role in one of the world’s largest cryptocurrency fraud and laundering cases.
• The fraud: Between 2014 and 2017, she ran a massive investment scam in China that defrauded over 128,000 victims. The stolen funds were converted into 61,000 Bitcoins, worth about $6.7 billion today.
• Escape and laundering: Qian fled China using fake passports and moved to the UK, where she attempted to hide and launder the funds by purchasing luxury properties and goods.
• Investigation: After a 7-year international investigation, UK police seized the 61,000 Bitcoins — one of the largest cryptocurrency seizures in history.
• Court ruling: At Southwark Crown Court in London, she pleaded guilty to charges of money laundering and possession of criminal property. Her sentencing will decide how long she will serve in prison.
Related Posts
I lost my husband three years ago. He was a police officer — calm, steady, the kind of man who ran toward chaos. One ordinary afternoon, during…
For 8 Long Years I Devoted My Life to Caring for My Paralyzed Husband – But the Moment He Stood on His Own Again, He Handed Me Divorce Papers
My name is Rachel, and I’m 44. I’m the mother of two wonderful children who have been my anchor through the hardest, most soul-crushing chapter of my…
Does anyone have any idea what this is used for?
What’s That Skinny Cabinet For? More Than You’d Think At first glance, that narrow cabinet next to your dishwasher might seem pointless, but it’s a clever space-saver….
Rich Boy Threw Chips at a Flight Attendant on a Night Flight – Not Knowing His Father Was Ready to Teach Him the Hard Way
All I wanted was a peaceful flight and a paycheck to help my mom fight cancer. Instead, I ended up humiliated by a rich boy who thought…
My Aunt Stole My Grandparents’ Hard-Earned Wedding Fund for Her Daughter’s Car- I Refused to Let Their Dream D…i..3
My grandparents just wanted a perfect wedding that never happened. After 53 years, they were finally going to get their chance… until my aunt decided her daughter’s…
They Judged the Leather Not the Lives Inside It-
I had been running Maggie’s Diner for more than three decades, long enough to trust my instincts, or so I thought. When fifteen bikers walked in late…