* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, July 12, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

UK Takeaway Worker Arrested in $6B Fraud After Trying to Purchase $30M House

February 1, 2024
in Business
UK Takeaway Worker Arrested in $6B Fraud After Trying to Purchase $30M House
Share on FacebookShare on Twitter

In a high-profile money laundering trial unfolding in London, a former restaurant worker stands accused of attempting to hide billions worth of Bitcoin stolen in a massive Chinese investment fraud.

TLDR

Jian Wen, a former restaurant worker, was allegedly recruited to help Zhimin Qian launder money stolen from a $6.3 billion investment fraud scheme in China.
Wen attempted to use Bitcoin worth over $1.7 billion at the time to purchase luxury items and a $30 million mansion in London. The purchases never went through.
UK authorities seized 61,000 Bitcoin from Wen and Qian in 2018, worth about $1.7 billion at the time and over $2.5 billion now.
Wen claims the Bitcoin was either mined by Qian or a “love gift,” while prosecutors say she helped hide the source of the stolen funds.
Wen is currently on trial for money laundering charges, while Qian has fled the UK and remains at large.

Jian Wen, a 42-year-old Chinese national who became a British citizen in 2018, allegedly helped Zhimin Qian launder Bitcoin connected to a $6.3 billion scam that fleeced around 130,000 investors in China between 2014 and 2017. While not directly involved in Qian’s underlying scam, prosecutors allege that Wen used the stolen crypto to try purchasing luxury real estate and items in the UK on Qian’s behalf.

The case first came to light when Wen attempted to buy a lavish $30 million London mansion in the affluent Hampstead neighborhood. When the law firm she enlisted couldn’t verify the source of the funds, police froze money held by the firm and raided properties associated with Wen and Qian.

In one of the largest cryptocurrency seizures globally, investigators confiscated devices holding a whopping 61,000 Bitcoin from a safety deposit box and house rented by the pair.

The property was on the market for £23.5mThe property was on the market for £23.5m, Image from Sky News UK.

Valued at over $1.7 billion when initially seized in 2018, the stash would be worth over $2.5 billion at today’s prices. For context, it exceeds the entire market cap of all but three cryptocurrencies. Wen had been entrusted with the keys and passwords to access the laptops storing the crypto haul.

Now with Wen on trial and Qian having escaped abroad as a fugitive, the jury must decide if she knowingly converted criminal proceeds or genuinely believed Qian’s claims that the wealth stemmed from legitimate Bitcoin mining and businesses.

Initially asserting the Bitcoin was mined, Wen later changed her story upon questioning, describing the funds as a “love gift” from Qian worth about $100 million at the time. Prosecutors remain unconvinced, arguing that Wen served as a front to hide both Qian’s identity and the ill-gotten nature of the riches.

Wen allegedly followed instructions to convert portions of the Bitcoin into cash, luxury items, property, and other valuable assets upon Qian’s arrival in London in 2017. Attempted purchases highlighted during the trial include an $11 million diamond ring and the extravagant mansion.

The trial’s outcome carries high stakes for both Wen and future cryptocurrency financial crime enforcement. If convicted on the three money laundering charges, she faces years imprisonment, asset seizure, and heavy fines. Meanwhile, the case underscores the ongoing challenge of tracking illegally obtained funds that flow through the multi-billion dollar Bitcoin economy each year.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Blockonomi – https://blockonomi.com/uk-takeaway-worker-arrested-in-6b-fraud-after-trying-to-purchase-30m-house/

Tags: businessTakeawayworker
Previous Post

Solana Price Hits $100 Again, While Fast-selling Presale ready to launch

Next Post

UwU Lend’s Expansion into New Markets with Curve Integration

Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

July 12, 2025
New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

July 12, 2025
Major Gifts Transform Marine Science at William & Mary and VIMS – Virginia Living

Transformative Major Gifts Propel Marine Science Breakthroughs at William & Mary and VIMS

July 12, 2025
CatanaGroup Launches SEATY: A New Floating Lifestyle Concept – Cruising World Magazine

CatanaGroup Unveils SEATY: Dive Into the Ultimate Floating Lifestyle Experience

July 12, 2025
Readers, we need your help picking the best high school football team – Tulsa World

Vote Now for the Ultimate High School Football Champion!

July 12, 2025
An economy in India lifted by women – The Christian Science Monitor

An economy in India lifted by women – The Christian Science Monitor

July 12, 2025
How you can see new movies early – Yahoo

Unlock the Secret to Watching New Movies Before Everyone Else!

July 12, 2025
Why it’s a rough time to be a health insurer – Axios

Why it’s a rough time to be a health insurer – Axios

July 12, 2025
State Department is firing more than 1,300 staff on Friday – CNN

Over 1,300 State Department Employees Face Layoffs This Friday

July 12, 2025
Southland Conference and Spiideo Partner to Bring Cloud-Based Replay and Video Technology to Seven Sports – Sports Video Group

Southland Conference Partners with Spiideo to Transform Replay and Video Technology Across Seven Sports

July 11, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (717)
  • Economy (740)
  • Entertainment (21,627)
  • General (15,847)
  • Health (9,777)
  • Lifestyle (747)
  • News (22,149)
  • People (742)
  • Politics (750)
  • Science (15,958)
  • Sports (21,238)
  • Technology (15,724)
  • World (723)

Recent News

Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

Pope prays for conversion of those who don’t ‘recognize the urgency’ of caring for creation – OSV News

July 12, 2025
New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

New, non-profit in Baldwin County aims at helping fund forensic science related investigations – fox10tv.com

July 12, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version