Chinese fugitive fraudster jailed in the UK over multi-billion crypto scam
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A Chinese woman was jailed in the UK on Tuesday for more than 11 years for masterminding a bitcoin scam worth more than 5 billion pounds (€5.6 billion).
Zhimin Qian, also known as Yadi Zhang, pleaded guilty in September to illegally acquiring and possessing the cryptocurrency.
Her guilty plea followed a seven-year probe into global money laundering. The 47-year-old orchestrated a large-scale fraud in China between 2014 and 2017 by deceiving more than 128,000 victims and storing the stolen funds in bitcoin assets.
Qian then fled China, using false documents, and entered the UK, where she…
