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Who receives five billion pounds from crypto fraud?
On September 29, Qian Zhimin, a Chinese national, pleaded guilty in a London court to crypto fraud of a sum now worth more than five billion pounds. It was one of the biggest such frauds found by law enforcement anywhere. Qian will be sentenced in November. The question remains – who will receive this enormous sum? Will it be the 128,000 victims she deceived in mainland China or the U.K. Treasury? At the Foreign Correspondents Club on Wednesday, Andrew Wheeler KC, a barrister who is head of the Financial Crime Team at 7BR Chambers, London and a specialist in financial crime, gave a detailed explanation of the case. ... (full story)
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