The world's largest money laundering case revealed: Britain is going to confiscate 61,000 BTC from a Chinese boss (from CoinsRadar.net):

When Jane Wen wrote the sentence "The man who said 'you are poor': look how I grew up to be a millionaire!!!", she probably didn't expect that her story would cause such a sensation.

On March 18, the British court found Jane Wen, a 42-year-old British Chinese woman, guilty of money laundering and will be sentenced on May 10. During the investigation, the police seized more than 61,000 bitcoins worth about 3.4 billion pounds, setting a record for the largest cryptocurrency case ever seized. The funds are accused of coming from a fraud group that deceived nearly 130,000 Chinese investors between 2014 and 2017.

Regarding the 61,000 bitcoins seized, the Financial Times revealed that the British Crown Prosecution Service has initiated civil recovery procedures in the High Court. Once it is confirmed that there are no other legal claimants, half of the confiscated funds will belong to the British police and the other half to the British Home Office.

Jane Wen was once an ordinary Chinese deliveryman who worked in a British restaurant and lived a simple life. However, her sudden huge wealth of hundreds of millions of Bitcoins is shocking. Jane Wen comes from an ordinary working-class family and met her ex-husband Marcus Barraclough in China. In 2007, she came to the UK with her husband while pregnant. Unfortunately, the marriage came to an end. After the divorce, she studied and obtained a law diploma and a bachelor's degree in economics, and moved to London in 2017. In order to make a living and raise her son, she worked in a Chinese restaurant takeaway in Abbey Wood, southeast London, and even lived in a room downstairs from the restaurant. In order to increase her income, she also worked part-time to deal with cryptocurrencies.

One day, Jane Wen saw an advertisement for recruiting a "housekeeper" on WeChat. Out of curiosity and need, she decided to contact the employer. At the five-star Royal Garden Hotel in Kensington, she met her future employer Qian Zhimin (using the pseudonym zhangyadi at the time) for the first time. This meeting became a major turning point in Jane Wen's fate.

Qian Zhimin, the gold owner who met Jane Wen, has a complicated background. In 2014, Qian Zhimin carefully planned a "wealth management plan" in China, successfully defrauding 130,000 investors of nearly US$6.3 billion and quickly absconded with the money.

Police documents show that Qian Zhimin once operated a business called Tianjin Blue Sky Grey Electronic Technology Co., Ltd., which was established in March 2014 to sell investment products and claimed to have a sideline business in bitcoin mining. However, British court documents revealed that the company used almost scrapped mining equipment as a cover to deceive potential investors. Ultimately, Qian Zhimin is suspected of transferring investors' funds to an account on a cryptocurrency exchange and absconding with the money after converting it into bitcoin.

Qian Zhimin's escape was not without warning. Shortly after Blue Sky Grey was established, she successfully persuaded employee Ren Jiangtao to become the company's sole shareholder and legal representative with a high salary and generous bonuses. Ren Jiangtao said that Qian Zhimin had promised him that if the company got into trouble, she would help him out of any legal difficulties. However, after the relevant Chinese authorities launched an investigation in July 2017, Qian Zhimin quickly fled the country.

Jian Wen's life changed dramatically after she became Qian Zhimin's assistant. She moved into a large mansion in North London, bought a Mercedes-Benz E-Class sedan, and became a distinguished customer of Harrods, a top luxury department store, spending an average of 30,000 pounds a month at Harrods. However, due to her failure to convert Bitcoin into pounds in a timely manner, Jane Wen attracted the attention of regulators and was eventually targeted by the police for investigation.

In the early morning of October 31, 2018, the police raided Jane Wen's home in Hampstead, North London, and seized laptops, tablets, hard drives and USB storage devices stored in metal cans. At the same time, Jane Wen was arrested and charged with suspected cryptocurrency fraud and money laundering.

Jane Wen's story is shocking because her experience shows the dangers that ordinary people may encounter when faced with temptation. This story also reminds us that there are often risks and temptations behind the pursuit of wealth. We must keep a clear mind and not be blinded by money.