Bitcoin Money Launderer Sentenced To 6 Years Behind Bars In $6B Scam
Jian Wen, a British-Chinese woman, has been sentenced to 6 years and 8 months in prison for laundering Bitcoin from a £5 billion fraud in China. She was convicted of money laundering for her former boss, Yadi Zhang, and was found to have been involved in converting Bitcoin into cash, jewelry, luxury items, and property. The London Metropolitan Police seized 61,000 Bitcoin valued at over £3 billion during a raid on Wen and Zhang’s Hampstead mansion in 2018. Wen denied knowledge of the cryptocurrency’s source but was found to have full knowledge of dealing with the proceeds of crime. The Metropolitan Police is pursuing a civil recovery process to seize the confiscated funds and is collaborating with Chinese authorities on the matter. Victims of the alleged fraud in China have urged negotiations with the UK government to reclaim the Bitcoin purchased with their money.
