EXCLUSIVE: Defendant in Record UK Crypto Seizure Case Bought Dubai Properties
A man who pleaded guilty in the U.K. for transferring profits from a scam that led to “the world’s largest crypto seizure” bought luxury property in Dubai, according to leaked real estate data.
Ling Seng Hok, a Malaysian living in the U.K., pleaded guilty on September 30 for helping Chinese national Qian Zhimin move the proceeds of a fraudulent investment scheme, which targeted 128,000 victims in China. Qian, who pleaded guilty to playing a leading role in the scam, had converted the profits into Bitcoin.
The London Metropolitan Police said in a public statement that Qian fled from China to the U.K., where “she attempted to launder the proceeds via purchasing property.”
London police did not elaborate on the property…
