‘Bitcoin Queen’ who laundered $5.6 billion in illicit funds through crypto gets nearly 12 years in prison — UK court hands down sentence

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Zhimin Qian, also known as the ‘Bitcoin Queen,’ has been handed an 11-year, 8-month prison sentence by a London judge after she pleaded guilty to charges of possession of and transacting in criminal property in August of this year. According to Bloomberg, Qian ran an unlicensed investment company in China from 2014 to 2017, which duped around 128,000 investors out of US$5.6 billion. She has been on the run since 2017 after Chinese police raided a company event, travelling throughout Southeast Asia on a…



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‘Bitcoin Queen’ who laundered $5.6 billion in illicit funds through crypto gets nearly 12 years in prison — UK court hands down sentence


Zhimin Qian, also known as the ‘Bitcoin Queen,’ has been handed an 11-year, 8-month prison sentence by a London judge after she pleaded guilty to charges of possession of and transacting in criminal property in August of this year. According to Bloomberg, Qian ran an unlicensed investment company in China from 2014 to 2017, which duped around 128,000 investors out of US$5.6 billion. She has been on the run since 2017 after Chinese police raided a company event, travelling throughout Southeast Asia on a…



Source link

Disclaimer

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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