The UK has convicted Chinese national Zhimin Qian, who admitted guilt over running a major investment fraud scheme.
The UK has convicted Chinese national Zhimin Qian, who admitted guilt over running a major investment fraud scheme via her Chinese firm Tianjin Lantian Gerui Electronic Technology.
This comes after the Metropolitan Police sequestered $6.9 billion in Bitcoin from a raid at her London residence, which has been hailed as the world's single largest cryptocurrency seizure, according to The Record, a news site by cybersecurity firm Recorded Future.
Over 128,000 individuals were victimized in Qian's sweeping fraud scheme between 2014 and 2017. The stolen funds later were laundered by Qian with the assistance of Jian Wen, who was already given an over six-year prison sentence, according to the Met.
"Today's guilty plea marks the culmination of years of dedicated investigation by the Met's Economic Crime teams and our partners... I hope today's outcome acknowledges the harm Qian inflicted and reinforces the Met's unwavering commitment to justice," said Met Head of Economic and Cybercrime Command Will Lyne.
Sharon Florentine is the editorial director for CyberRisk Alliance’s Channel Brands and acting editorial director for SC UK. She is responsible for setting strategy and editorial direction and developing content for news, features, analysis and other written content, moderates live webcasts, and oversees research projects. Sharon has previously held key editorial, content and leadership positions at DevOps.com, Security Boulevard, CIO.com, Ziff Davis Enterprise, and CRN, among others.
Sharon Florentine is the editorial director for CyberRisk Alliance’s Channel Brands and acting editorial director for SC UK. She is responsible for setting strategy and editorial direction and developing content for news, features, analysis and other written content, moderates live webcasts, and oversees research projects. Sharon has previously held key editorial, content and leadership positions at DevOps.com, Security Boulevard, CIO.com, Ziff Davis Enterprise, and CRN, among others.
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