According to RBC, a 47-year-old Chinese national, Qian Zhimin (also known as Yadi Zhang), was sentenced to 11 years and 8 months in a London court for fraud and money laundering. In 2018, UK police seized 61,000 bitcoins linked to her, valued at over $6.3 billion. Qian led a Chinese investment scam from 2014 to 2017, defrauding over 120,000 people, mostly retirees, through her company Lantian Gerui. She fled China in 2017, evaded arrest for years, and lived under a false identity in the UK before being captured in April 2024. Devices with cryptocurrency wallet keys, cash, and jewelry were found during her arrest in York.
Chinese Woman Sentenced to 11 Years in UK for $6.3B Bitcoin Fraud Scheme
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