"A Chinese national has been convicted of playing a key role in what is believed to be the single largest cryptocurrency seizure in the world, worth more than 5.5bn ($7.4bn). Zhimin Qian, also known as Yadi Zhang, pleaded guilty on Monday at Southwark Crown Court, London of illegally acquiring and possessing the cryptocurrency. Between 2014 and 2017, she led a large-scale scam in China by cheating more than 128,000 victims and storing the stolen funds in bitcoin assets, the Metropolitan Police said in a statement."
"Qian had been "evading justice" for five years up to her arrest, which required a complex investigation involving multiple jurisdictions, said Detective Sergeant Isabella Grotto, who led the Met's investigation. She fled China using false documents and entered the UK, where she attempted to launder the stolen money by buying property, said the Met. She had help from another Chinese national, Jian Wen."
Zhimin Qian, also known as Yadi Zhang, pleaded guilty at Southwark Crown Court in London to illegally acquiring and possessing cryptocurrency linked to a large-scale scam that cheated more than 128,000 victims between 2014 and 2017. The seizure of bitcoin assets is valued at more than $7.4bn, constituting the largest cryptocurrency seizure in the UK and believed to be among the largest globally. Qian evaded justice for five years, fled China with false documents, entered the UK, and attempted to launder proceeds by buying property with assistance from Jian Wen. A seven-year, multi-jurisdictional investigation involved the Met and Chinese law enforcement, and the CPS is working to prevent recovery of the stolen funds by the fraudsters.
Read at www.bbc.com
Unable to calculate read time
Collection
[
|
...
]