A citizen of China was sentenced on Monday after a Bitcoins seizure. The investigation made to him was International Fraud And it resulted in what is believed to be The largest cryptocurrency seizure in the world.
The woman, called Zhimin Qian (and also known as Yadi Zhang), He declared himself guilty on Monday in the Southwark Crown Court to acquire and illegally possess the cryptocurrency. The amount recovered, according to police authorities, is around 61,000 bitcoins for a value of more than £ 5,000 million (the equivalent Au $ S6.7 billion).
Between 2014 and 2017 he led a large -scale scam in China that implied deceive more than 128,000 victims and store the funds stolen in Bitcoin assets, cited the BBC.
A woman was convicted after the “greatest seizure of Bitcoins in the world”
The 47 -year -old Qian declaration, followed by a seven -year investigation on a global money laundering network that began when he received a warning about the transfer of criminal assets.
The woman had been “evading justice” for five years until her arrest, which required a complex investigation that involved multiple jurisdictions, said Sergeant Detective Isabella Grottowho directed the process.
She fled from China using false documents and entered the United Kingdom, where she tried to wash the stolen money by buying properties. “By declaring yourself guilty today, Mrs. Zhang hopes to provide some comfort to the investors who have waited since 2017 compensation, “said his lawyer, Roger Sahotaby Berkeley Square solicitors.
Some reports suggest that the United Kingdom government will try to retain confiscated funds. The reforms to criminal legislation under the previous conservative government were aim Facilitate the authorities of the seizure, freezing and recovery of cryptoactive. The changes would also allow some victims to request the release of their assets held in accounts.
How did the “Bitcoins thief”
According to reports, among some of the victims of Qian can be listed Entrepreneurs, bank employees and members of the Judiciary. These would have been urged by friends and family to invest in the plan she proposed.
According to the transcended, investors knew little about Qian, who was described as “the goddess of wealth.” “Organized criminals use more and more bitcoin and other cryptocurrencies to camouflage and transfer assetsso that scammers can enjoy the benefits of their criminal behavior, “said the deputy chief prosecutor of the Corona, Robin Weyell.
“This case, which implies the greatest seizure of cryptocurrencies in the United Kingdom, illustrates the magnitude of criminal income available to scammers,” added the official.
Monday’s conviction marks the “Culmination of years of dedicated research”, which involved the police and Chinese police teams, said the Head of the Command of Economic and Cyber Crimes of the Metropolitan Police Will Lyne.
Qian is in custody waiting for the sentence, which will be issued after a trial in which other people linked to the case will participate. The date of his sentence has not yet set. The United Kingdom Security Minister Dan Jarvis said the conviction sent a “clear signal” that the United Kingdom was not a “safe refuge” for criminals.
“Money laundering erodes trust, undermines our economy and feeds the increase in serious organized crime,” he said in a statement. The BBC has contacted the China Embassy in the United Kingdom to request comments.
Source: Ambito
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