A chinese woman who was found with 5 billion pounds ($6.6 billion) in bitcoin after defrauding more than 128,000 people in china in a ponzi scheme was sentenced by a uk court on tuesday to over 11. Chinese ‘cryptoqueen’ who scammed thousands jailed in uk over bitcoin stash worth $6.6 billion a chinese woman who was found with 5 billion pounds ($6.6 billion) in bitcoin after defrauding more than 128,000 people in china in a ponzi scheme was sentenced by a u.k Court on tuesday to over 11 years in prison. A chinese woman who ran a $5.6 billion ponzi scheme and laundered billions in bitcoin was jailed in the uk for nearly 12 years Qian zhimin bought cryptocurrency using funds stolen from thousands of chinese pensioners, say police. The crypto fortune is being fought over in separate civil proceedings at the high court between uk authorities and thousands of chinese investors who were cheated and contend that the british.
The mastermind of a vast ponzi scheme in china was on tuesday jailed in britain for over 11 years for laundering the proceeds of the fraud into cryptocurrency now worth billions of dollars.
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