How Fugitive ‘Crypto Queen’ Laundered Over $6.5 Billion In Bitcoin From Chinese Investors — Court To Decide Fate In Record Seizure
A woman accused of using billions of British pounds in stolen funds from Chinese investors to buy cryptocurrency is set to be sentenced in London on Tuesday, in a case that the police have deemed the world’s largest crypto seizure.
Qian Zhimin, 47, fled China in 2017 under a fake passport after authorities began probing her tech firm, Lantian Gerui.
Bitcoin, Mansions, And A Double Life In London
After landing in the UK, Zhimin rented a £17,000-a-month mansion in Hampstead, north London. To fund her lavish lifestyle, she needed to convert her massive Bitcoin holdings into cash.
Police say she did so by posing as a wealthy antiques heiress, using a personal assistant to move her digital assets into luxury goods and real estate. That assistant, Wen Jian, was later convicted of money laundering and sentenced …
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