UK court jails woman for laundering $10 million worth of bitcoin tied to alleged $5.6 billion fraud: report
The Southwark Crown Court in London sentenced a woman to jail for money laundering bitcoin tied to a billion-dollar investment fraud, Bloomberg reports. Jian Wen, 42, who has both UK and Chinese citizenship, was sentenced to six years and eight months for money laundering 150 BTC, worth around $10.4 million at current prices. The bitcoin was part of a wider investment fraud operation, in which authorities seized 61,000 BTC valued at around $4.22 billion, related to a broader purported $5.6 billion scheme.
Source
More Crypto News
