Chinese Bitcoin Fraudster Jailed After Largest UK Crypto Seizure.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Trivedi, Upmanyu 3 of 3

Abstract

The article focuses on the sentencing of Zhimin Qian, a Chinese woman who orchestrated a multibillion-dollar investment fraud to acquire Bitcoin, receiving an 11-year and 8-month prison sentence in London. Qian, who fled China and lived under a false identity, was involved in an unlicensed investment scheme that defrauded approximately 128,000 investors out of 40 billion renminbi (about $5.6 billion) from 2014 to 2017. Alongside her assistant, Seng Hok Ling, who received a 4-year and 11-month sentence for his role in laundering money, Qian was implicated in the largest Bitcoin seizure by British police, totaling 61,000 Bitcoin, now valued at $6.4 billion. The court highlighted the unprecedented scale of money laundering involved in Qian's operations, which included lavish spending and attempts to establish a self-proclaimed nation called Liberland. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2025
  • Accession Number:189239273
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