Digital Coin News

London court finds woman guilty of money laundering in bitcoin fraud case

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Prosecutors said Wen Jian helped hide the source of money allegedly stolen from nearly 130,000 Chinese investors in fraudulent wealth schemes between 2014 and 2017

A woman accused of converting bitcoin into cash and property to help hide the proceeds of a £5-billion fraud was this week convicted of one count of money laundering after a trial in a London court.

As part of their investigation, British police seized wallets holding more than 61,000 bitcoin – making it one of the largest cryptocurrency seizures by law enforcement worldwide. She was found guilty by jurors of one count on Monday following a trial at Southwark Crown Court. The jury was unable to reach a verdict on two other counts.

Prosecutor Gillian Jones said at the start of the trial that Zhang had arrived in Britain on a false St. Kitts and Nevis passport in 2017, shortly after Chinese authorities began to investigate the fraud.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cryptocurrency fraud: Prosecutors seek up to 50 years in prison for Sam Bankman-FriedFTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge.
Source: CTVNews - 🏆 1. / 99 Read more »