Zving Qian, who had evaded arrest warrants in China by riding a motorbike to the Myanmar border, had traveled through many Southeast Asian and European countries under a fake passport before settling in England under the fake name Yadi Zhang.
"super scammer" Zzing Qian was arrested in the largest Bitcoin seizure in British history, with a total current value of about 6.4 billion USD.
At a trial at Southwark Crown Court on November 11, Z termination Qian admitted to the charges of criminal property ownership and transactions. Z termin Qian's assistant, Seng Hok Ling, 47, was also sentenced to four years and 11 months in prison for helping with illegal money handling.
According to the prosecutor, Zving Qian was a key figure in the fraud that helped create the majority of illegal money, while Seng Hok Ling supported transferring money to cryptocurrency accounts. Seng Hok Ling's lawyer asserted that the customer was not involved in the fraud in China and did not know Zving Qian had committed the crime.
"The scale of money laundering in this case is unprecedented. She lied and planned to profit herself," judge Sally- Ann Hales stressed in his verdict.
The seizure of 61,000 bit bit bit bitons in 2018 during a money laundering investigation is considered the largest amount of cryptocurrency ever seized in the UK. Currently, UK authorities are looking to return these bitcos to defrauded investors.
According to court records, Zving Qian ran an unlicensed investment company in China, mobilizing 40 billion yuan (about 5.6 billion USD) from 128,000 investors across China in the period 2014-2017.
In 2017, when Chinese authorities raided an event organized by Zving Qian's company, Zving Qian escaped and flew to London with a fake passport of St. Petersburg. Kitts & Nevis, an island nation in the Caribbean.
In the UK, Zzing Qian hired Jian Wen - a fast food restaurant employee - to help him launder money. Qian used Wen and Ling to rent villas, buy jewelry, real estate in Dubai and spend a lot of money on lavish shopping trips.
After discovering suspicious attempts to buy a house in Bitcoin, a London law firm reported to the police. Police seized 61,000 bit bit bit bit and arrested Wen. While Jian Wen was sentenced to more than six years in prison last year, Zving Qian is still in hiding, living in luxury villas in Scotland and York.
In February 2024, when Wen was being tried, he discovered a Bitcoin transaction into a cryptocurrency wallet under scrutiny, and the police went missing and arrested Qian at a villa in York.
Police found many digital devices containing cryptocurrency wallets worth more than 79 million USD, along with 63,000 USD in cash and many jewelry.
The prosecutor said the super-fraud wants to buy a large villa and sell about $250,000 in bit bit bitches a month to spend, with the goal of becoming the queen of Liberland - an ownerless land between Croatia and Serbia, on the west bank of the Danube River.
After being arrested, Qian refused to answer most of the police's questions, only saying "he felt he was about to die, and this was his last chance to spend money".
