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On Tuesday, the most recent woman to earn the nickname “Crypto Queen” from the media received an 11-year sentence associated with a Ponzi scheme she previously ran in China in the 2010s. Zhimin Qian is said to have converted much of the proceeds from the scheme into bitcoin when the cryptocurrency was only worth a few thousand dollars as she fled the country and eventually ended up in the United Kingdom.
According to Reuters, Qian used her company Lantian Gerui to operate her Ponzi…
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On Tuesday, the most recent woman to earn the nickname “Crypto Queen” from the media received an 11-year sentence associated with a Ponzi scheme she previously ran in China in the 2010s. Zhimin Qian is said to have converted much of the proceeds from the scheme into bitcoin when the cryptocurrency was only worth a few thousand dollars as she fled the country and eventually ended up in the United Kingdom.
According to Reuters, Qian used her company Lantian Gerui to operate her Ponzi…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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