Chinese citizens are being scammed in the name of purchasing health supplies
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Nearly 128,000 ordinary people in China had invested in Qian's company. After raising investments in China from 2014 to 2017, she arrived in North London in September 2017 using a fake passport.
Qian Zhimin, a Chinese woman who invested money collected from Chinese citizens in cryptocurrency in the name of buying health supplies, has been jailed for 11 years and 8 months on a money laundering case. The UK's Southwark Crown Court decided to send her to prison on Tuesday. She pleaded guilty on September 29.
About 128,000 ordinary people in China had invested in her company. After raising investments in China from 2014 to 2017, she arrived in North London in September 2017 using a fake passport. Qian lived in a bungalow in Hampstead and lived a very carefree life.
She lived here with fake documents for about 6 years before being arrested by British police in April 2024. When a hard drive seized from her home was searched, it was found that she had tens of thousands of bitcoins. This was the first public case of such a large-scale cryptocurrency scam in British history.
By now, her investment in cryptocurrency had reached the equivalent of about $6 billion. She had invested the money she raised in the hope of developing high-tech health products in cryptocurrency. In an interview with BBC World, expressed the hope that the Chinese public who invested in the company would get their money back. If the assets are not officially claimed, they will go to the British government. For this reason, some suspect that the UK could benefit from this dispute.
‘We can put all the evidence together and we hope that the British government, the Crown Prosecution Service and the High Court will show us mercy.’
Police said she wore expensive jewelry. She had an associate in Britain to obtain cash and other assets through cryptocurrency transactions.
