Add thelocalreport.in As A Trusted Source
The fraudster behind the UK’s biggest fraudster cryptocurrency £5.1 billion seized Bitcoin Police have been given access to an additional £67m after the discovery of a digital storage device inside her jogging bottoms.
Zimin Qian pleads guilty to money laundering crimes He appeared at Southwark Crown Court in September following a seven-year investigation, and agreed to forfeit all of his cryptocurrency.
The 47-year-old man, also known as Yadi Zhang, defrauded more than 128,000 victims through a scheme in China between 2014 and 2017 and stored the ill-gotten funds in Bitcoin. PropertyAccording to the Metropolitan Police.
Scotland Yard said Kian played a major role in the scam.
Police said that in 2018, the Chinese national fled her home country to the UK using false documents and attempted to launder the proceeds by purchasing property with the help of Jian Wen in September of the same year.
Wayne, a former takeaway worker, was jailed last year for his role in the scheme after being found with a Bitcoin wallet worth more than £2 billion.
An initial £5.1 billion of Bitcoin was seized after police raided Kiyan’s home in Hampstead in 2018, but he fled and was later arrested in York.
A digital device containing a further £67m was discovered in a hidden pocket of his trousers, for which he provided access codes and passwords to police during a prison interview last month. many times Report.
During a High Court hearing on Wednesday, prosecutors announced that the seized cryptocurrency would fund a compensation plan for his victims.
It has not been disclosed whether his victims, many of whom had invested in Qian’s scheme, Tianjin Lantian Gerui Electronic Technology Co., will receive their original investment or the increased value of their bitcoins.
British lawyers representing more than 1,000 of his victims are demanding the current price rise from £750 in 2017 to a record £94,000 by October 2025.
William Glover of law firm Fieldfisher told many times: “Some lost their life savings and many of them are elderly or vulnerable. The victims have now been without their assets for almost ten years and are entitled to get their assets back from the frozen Bitcoins in this jurisdiction.
“The frozen Bitcoins do not belong to the UK State. The UK State does not have the right to independently dispose of the frozen Bitcoins over the legitimate legal and ownership interests of the victims.”