Woman accused of helping fraudsters launder around £5bn using Bitcoin
42-year-old Wen Jian was charged with three counts of money laundering for allegedly assisting a Chinese woman named Yadi Zhang in laundering money, as reported by the Financial Times of the UK. According to prosecutors, Zhang stole about £5 billion from over 128,000 Chinese investors through wealth management fraud between 2014 and 2017, then converted the money into Bitcoin and arrived in London in 2017 under a false identity. Wen is accused of helping Zhang convert some of the Bitcoin into cash, jewelry, other luxury items, and property.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Faces Price Stagnation Due to Lack of Fresh Demand: CryptoQuant Analysis
REEFUSDT is Now Available on Futures
Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE
Is The Uptober Bull Run Starting? AI Cryptos Jump 8%, Meme Coins Surge 7% As ETH And SOL Soar