Chinese Bitcoin Queen Sentenced to 11 Years in Prison | EUROtoday

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A girl, accused by the police of getting bought cryptocurrencies value billions of kilos utilizing funds stolen from 1000’s of Chinese pensionerswas sentenced to 11 years and eight months for cash laundering.

Passing sentence on Tuesday at Southwark Crown Court, Judge Sally-Ann Hales accused a Qian Zhimin that she was “the mastermind of this crime from start to finish…her motive was pure greed.”

The Queen of Cryptocurrencies

After fleeing ChinaQian had moved right into a villa in Hampsteadin north London. There Met Police in London raided it a yr later, making one of many largest cryptocurrency seizures on the earth.

Beyond 100,000 Chinese they invested their cash in his firm, which claimed to develop high-tech healthcare merchandise and mine cryptocurrencies. In actuality, in keeping with the police, she misappropriated the funds.

Hopes for defrauded savers

Investors instructed the Bbc to hope to get at the least a few of their cash from the British authorities. Anything unclaimed is generally returned to the UK authorities, main some to invest that the Treasury could profit.

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