May 25, 2024 05:13 AM
BUSINESS
UK Woman Jailed for Laundering Crypto Tied to $5.6 Billion Fraud
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London court sentences woman to six years in case involving 150 Bitcoin
(Bloomberg) — A London court sentenced a dual UK-Chinese citizen to six years and eight months in jail for laundering massive amounts of Bitcoin linked to a $5.6 billion investment fraud in China.
Jian Wen, a 46-year-old former fast-food worker who transformed her life with a luxurious lifestyle, was found guilty of money laundering linked to about 150 Bitcoin for a Chinese woman between 2017 and 2022. In the wider operation, the police seized over 61,000 Bitcoin, now worth more than $4 billion.
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