3 hours agoHe cheated 128 thousand people, punished “The goddess” Chinese who stole 5.7 mld euros in Bitcoin
Periskopi(8 months ago)
(8 months ago)A Chinese national has been condemned by British justice following a seven-year international money laundering investigation that led to the world's largest krytomoned sequencing. Metropolitan police said they had seized 61,000 Bitcoin worth more than 5 billion pounds, which was the income of a fraud that had affected thousands [...]
Metropolitan police said they had seized 61,000 Bitcoin worth more than 5 billion pounds, which was the income of a fraud that affected thousands of investors.
The Chian capture, also known as Yandi Zhang, was found guilty of buying and illegal possession of cryptoids. According to the Metropolitan Police, it led a large-scale fraud in China between 2014 and 2017, misleading more than 128,000 people. The money was converted to Bitcoin and preserved to avoid detection by authorities.
Its confession came after a seven-year investigation into an international money laundering network, which was discovered thanks to information about the transfer of illegal funds. Kian had managed to escape for five years until her arrest in the United Kingdom, where she had used forged documents to prove to legalise profits by buying property.
Deceit 128 thousand people, punish “The goddess”
Her lawyer, Roger Sahota, said his client, admitting guilt, “hopes to give some relief to investors who have been waiting for compensation since 2017” and ensure that <x2 use of the cryptovalus value provides sufficient funds to cover losses”.
However, reports show that the British government may try to maintain the seized funds. The legislative changes presented by the previous conservative government were intended to make it easier for British sequentron authorities to lift and recover cryptovalus. The changes would also allow some victims to apply to free their assets kept in account.
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Qian was helped by Jin Wen, a Chinese restaurant worker who was sentenced last year to six years and eight months in prison for her involvement in fraud. Wen cleared a considerable portion of the money, moving from a small apartment above a restaurant to a luxury house in north London, and also buying two properties in Dubai worth more than 500,000 pounds. Metropolitan police seized more than 300 million pounds in Wen-related Bitcoin.
According to Chinese reports, investors, mostly between 50 and 75 years of age, deposited amounts ranging from hundreds of thousands to tens of millions of them. They included businessmen, bankers, and judges, often lured by acquaintances and relatives. Qian appeared as a “property goddess”, but investors did not really know her portrait.
