Jian Wen claimed she had no idea the Bitcoin came from the proceeds of fraudThe Chinese 'Bitcoin queen' behind a £3 billion fraud wich ripped off 128,000 investors as she splashed cash in Harrods and tried to buy a £23 million mansion has been jailed for six years.
Police raided 42-year-old Jian Wen's home and seized a safety deposit box containing digital wallets holding more than £1.4 billion worth of Bitcoin at the time, but its value has now risen to around £3 billion Wen moved to the UK in 2007 and lived modestly in Leeds between 2011 and 2017 before working at a Chinese takeaway in Abbey Wood, southeast London.
Judge Sally-Ann Hales, KC, told Wen: 'I have no doubt that you came to enjoy the better things in life.'It is submitted on your behalf that your culpability falls into the medium range. I do not agree. The offending was sophisticated and it involved significant planning. 'In the tax year 2015/2016 she declared gross earnings from working at a Chinese takeaway in the sum of £12,800.
Qian - whose name means money in Chinese - has since vanished, but she employed Wen to launder the proceeds in a series of eye-watering property purchases. 'To legitimately mine the Bitcoin seized in this investigation, 61,000 BTC, you would have to use and pay for roughly the same amount of electricity as that required to power 25,000 domestic households for a year - that's the size of a town,' said Ms Jones.
Mark Harris KC, defending, claimed Wen was acting under orders from others and she did not play a leading role. Wen poses at the Lindt shop in Zurich on one of her trips to Europe. She claimed it was to buy items for a jewellery business, producing receipts for diamonds and watches
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