A Chinese woman defrauded investors of more than $6 billion, converting most of those assets into Bitcoin (BTC), a UK court has found.
According to a recent report by the Financial Times, the UK court Jian Wen a woman named Yadi Zhang He stated that he aided and abetted his employer in money laundering.
The defendants, who are both Chinese citizens, carried out an organized fraud and used the money they obtained. laundering via Bitcoin they tried. The name appearing before the court was Jian Wen, while Yadi Zhang was fled the country reported.
According to the court file, Jian Wen’s boss, Yadi Zhang, 2014-2017 between the years from 128,000 By defrauding many investors $6.3 billion He made ill-gotten gains and then most of this money was converted into Bitcoin through Wen. Zang after all this operation with a fake passport He went to England and fled the country when he realized things were going to get difficult.
Prosecutors said the defendant wanted to hide the true source of the funds. Bitcoin and some other luxury assets He emphasized that he was heading While the defendant Wen did not accept the accusations, the hearing in question March It is expected to last until the beginning.