The investigation into the largest fraud case in UK history has reached its final stages. This was reported by Zamin.uz.
47-year-old Chinese woman Qi Min Xian pleaded guilty in a London court on September 29. The criminal case against her involves laundering cryptocurrency worth 7 billion dollars, marking one of the largest confiscations in the world.
According to Scotland Yard, the UK police have seized a large amount of cryptocurrency from Xian. These funds are the result of a global money laundering scheme that lasted nearly seven years.
From 2014 to 2017, Xian committed major frauds in China. Her company, Tianjin Lantian Gerui Electronic Technology, deceived over 128,000 depositors by promising them a 300 percent return.
The obtained funds were converted into bitcoins. After the fraud, Xian moved from China to the UK and purchased expensive real estate there.
Additionally, her partner was also found guilty of crimes and sentenced to six years in prison. It is not yet clear how the confiscated funds will be distributed in the future.
The UK government plans to retain these funds to cover the state budget deficit, but many victims are demanding the return of their money. During the investigation, it was noted in Xian’s personal diary that she dreamed of considering herself a "princess" and a "goddess."
These fantasies caused additional problems for her case. Overall, Xian’s guilty plea marks an important phase of the investigation, and its results are expected to have serious legal consequences.
The final outcome of the case will depend on other factors.
