Zhimin Qian, a 47-year-old woman, was sentenced to 11 years and 8 months in prison for money laundering, being involved in a massive fraud that generated losses of 40 billion yuan in China. After fleeing China with a fake passport, Qian managed to amass a huge fortune in Bitcoin, possessing 61,279 Bitcoins, confiscated following an investigation that led to the largest cryptocurrency seizure in the UK.
The police discovered her in 2022, after she attempted to buy a luxury villa using money derived from cryptocurrencies. Qian was described as the "architect" of the fraud scheme, having an extravagant lifestyle. In court, she pleaded guilty and expressed regret for the suffering of the victims. Now, her fortune is the subject of a legal dispute between the British government and the victims in China, who are seeking compensation.
The police discovered her in 2022, after she attempted to buy a luxury villa using money derived from cryptocurrencies. Qian was described as the "architect" of the fraud scheme, having an extravagant lifestyle. In court, she pleaded guilty and expressed regret for the suffering of the victims. Now, her fortune is the subject of a legal dispute between the British government and the victims in China, who are seeking compensation.
Sources
Latest News
23:01
Serious accident in Prahova: one young man died, two were injured
22:32
Siegfried Mureșan: “We will build on the good things accomplished by the Bolojan Government”
21:50
Nicușor Dan signed the decree appointing Siegfried Mureșan as prime minister (sources)
21:21
New border crossing point with Ukraine. Sighetu Marmației II will operate permanently from December 31, 2027
20:31
NATO’s Military Committee Chair says the alliance is “prepared” for a “false flag” attack by Russia
See more news