Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
Summary
A UK citizen, Jian Wen, has been found guilty of laundering large amounts of bitcoin for a Chinese fugitive, Zhimin Qian, who is linked to a $6 billion investment fraud. The laundering took place between 2017 and 2022. In 2018, UK police seized over $2.2 billion worth of bitcoin related to the fraud. Qian allegedly scammed around 130,000 investors in China. Jian Wen will be sentenced on May 10.
