British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT
Summary
Jian Wen, a British-Chinese woman, has been sentenced to six years and eight months in prison for laundering bitcoin in a $6 billion fraud in China. Wen was found guilty in March of laundering bitcoin on behalf of her former boss, Zhimin Qian, who allegedly defrauded around 130,000 investors in China in an investment scam that brought in $5 billion. Wen was accused of converting the bitcoin into cash and purchasing property, jewellery and other luxury items. She admitted to controlling a bitcoin wallet on behalf of her boss but claimed she was unaware of the source of the funds. The UK police seized over 1.7 billion pounds ($2.2 billion) worth of bitcoin related to the alleged fraud in a 2018 operation.
