UK Citizen Accused of Money Laundering Denies Allegations
A 42-year-old UK citizen named Jian Wen is denying accusations of money laundering in connection with a $6 billion investment fraud in China. The alleged fraud was orchestrated by Zhimin Qian, who is currently a fugitive. During a police raid at their London home in 2018, investigators found laptops, pen drives, and notebooks containing saved passwords and crypto wallets with hundreds of millions of dollars’ worth of Bitcoin.
Failed Property Acquisitions Trigger Investigation
Jian’s unsuccessful attempts to purchase two London houses worth $45 million raised suspicions about the source of her funds. Prosecutors claim that she told a lawyer involved in the transactions that Zhimin had gifted her the Bitcoins as a “love present.” They also allege that she researched using Bitcoin for property transactions and explored selling Bitcoin without proof of funds.
Dubai-Based Adviser Provides Cash Transaction Solution
During the investigation, it was discovered that a Dubai-based investment adviser offered Jian an alternative method to sell her Bitcoin for cash locally. Jian claimed that she lived with Zhimin as a caretaker and translator and received 3,000 Bitcoins as a gift. She admitted to having limited knowledge about Bitcoin at the time and believed it was the source of Zhimin’s wealth.
Hot Take: UK Citizen Denies Involvement in Massive Crypto Fraud Case
Jian Wen, a UK citizen, is vehemently denying allegations that she played a role in laundering funds from a $6 billion investment fraud in China. The case came to light during a police raid at their London home, where investigators found significant amounts of Bitcoin. Jian’s failed attempts to purchase expensive properties raised suspicions about the source of her funds, leading to the ongoing investigation. As the case unfolds, Jian continues to deny any involvement in the money laundering allegations.
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