British prosecutors have charged a Chinese woman, Zhang, with money laundering for stealing around £5bn from over 128,000 Chinese investors through wealth management fraud between 2014 and 2017. She then converted the money into Bitcoin and arrived in London. UK police seized £1.4bn worth of Bitcoin derived from the fraud, which is one of the largest bitcoin seizures by law enforcement. The Bitcoin was seized after an ex-takeaway worker, accused of helping launder the fraudster's profits, attempted to buy a £23m mansion. The seizure is linked to an alleged £5B investment fraud in China. The woman is on trial in the UK for laundering the Bitcoins on behalf of the Chinese fraudster.
NEW: 🇬🇧 UK officials seize 💷 £1.4bn worth of #Bitcoin after former takeaway worker accused of helping fugitive fraudster launder profits from £5B fraud scheme attempted to buy a £23M mansion 👀 https://t.co/tiuHqkXhFa
UK Police Uncovered $1.7 Billion Bitcoin Linked to China Fraud / what a mess https://t.co/hqT3fpPsui
Report: British Woman Who Laundered Bitcoins on Behalf of Chinese Fraudster Goes on Trial https://t.co/QbtQxFuWBq
🛑 UK AUTHORITIES SEIZE £1.4 BILLION IN BITCOIN LINKED TO CHINESE INVESTMENT FRAUD SCHEME U.K. authorities seized 61,000 BTC valued at approximately £1.4 billion (or $1.78 billion) related to an investment fraud that operated in China, the Financial Times reported. The… https://t.co/IvYjVffoWo
British police uncovered $1.7 billion worth of Bitcoin linked to a woman accused of laundering the proceeds of an investment fraud in China, prosecutors say https://t.co/kTNJ88Myy7
Police in the U.K. have seized 1.4 billion pounds ($1.78 billion) worth of bitcoin from an investment fraud operation in China, according to a report by FT. By @JamieCrawleyCD https://t.co/0RThghPVBz
UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017 (@sugiuraeri / Financial Times) https://t.co/lRUi2rX6nW 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Bs185Gxlje
Report: Woman Accused of Laundering Bitcoins for Chinese Fraudster Goes on Trial in UK #bitcoin #moneylaundering #bitcoinmining https://t.co/QbtQxFuWBq
🔸 UK police seized £1.4bn of #Bitcoin from China investment fraud, court told
🔸 UK police seized £1.4bn of #bitcoin from China investment fraud, court told The Metropolitan Police seized more than £1.4bn worth of bitcoin derived from a huge investment fraud in China, a London court heard on Tuesday, one of the largest bitcoin seizures by law enforcement…
UK police seized £1.4bn of bitcoin from China investment fraud, court told https://t.co/YEvMDuSEwG
Bitcoin worth £1.4bn seized after ex-takeaway worker tried to buy £23m mansion, court hears https://t.co/XlY76EXSYH
British prosecutors have charged a Chinese woman with money laundering, according to the FT. Zhang stole around £5bn from more than 128,000 Chinese investors through wealth management fraud between 2014 and 2017, before converting the money into Bitcoin and arriving in London in…