The United Kingdom has sentenced a Chinese woman to 11 years and eight months in prison for a years-long scheme to launder investment scam proceeds into Bitcoin, luxury property, and other assets now worth about 4.8 billion British pounds ($6.3bn).
Zhimin Qian, 47, was sentenced by the Southwark Crown Court in London on Tuesday, in a case that saw UK police seize a record-breaking 61,000 Bitcoin as part of their investigation.
Qian, who is also known by the alias Yadi Zhang, was found guilty of money laundering and possessing illegally obtained cryptocurrency.
Will Lyne, the Metropolitan Police’s head of Economic and Cybercrime Command, described the case as “one of the largest and most complex economic crime investigations ever undertaken by the Met”.
“This is currently the largest cr

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