Hospitality worker caught with $2.5B Bitcoin found guilty of money laundering

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The Southwark Crown Court in the United Kingdom has reportedly found Jian Wen guilty of money laundering in connection with more than $2.5 billion worth of Bitcoin.

A former hospitality worker in the United Kingdom has reportedly been found guilty of money laundering more than the equivalent of $2.5 billion worth of Bitcoin (, the Southwark Crown Court has found Jian Wen of money laundering $2.5 billion worth of Bitcoin after a five-year investigation, involving scrutiny of 48 electronic devices and thousands of digital files, many of which were translated from Mandarin.

On Jan. 31, Cointelegraph reported that it was the attempted purchase of a $30 million mansion in London that was the ultimate red flag for the authorities to investigate her.but faced challenges passing money-laundering checks, despite her claims of earning millions from Bitcoin mining.The UK police claimed that the seizure was the “largest of its kind in the UK.

“Bitcoin and other cryptocurrencies are increasingly being used by organized criminals to disguise and transfer assets, so that fraudsters may enjoy the benefits of their criminal conduct.”

 

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