The cash-strapped British government also learned from the United States and found a quick way to make money. Some time ago, the United States fined Zhao Changpeng more than 5 billion yuan and put it into the national treasury. The British side, led by the National Crime Agency (NCA), confiscated assets worth more than 100 million yuan from Tian Wenjun and his wife, including 4 real estates and funds in multiple bank accounts, on the grounds that the latter could not explain the legal source of their huge assets.
Tian Wenjun was once the helmsman of the "Deyu Group". He illegally borrowed from some city commercial banks and rural credit cooperatives in Shanxi Province, with a loan amount of more than 20 billion yuan, becoming one of the most classic fraud cases in the financial history of the Eastern power in recent years. Tian Wenjun and his wife fled to the UK in 2018, when the NCA and the UK Financial Conduct Authority (FCA) launched an investigation into the Deyu Group. According to media reports, Tian Wenjun and his wife obtained visas in the UK through a company called Dolfin Financial (UK).
According to people familiar with the matter, the NCA and CRCO jointly took action this time because they investigated the living conditions of Tian Wenjun and his wife in the UK and found that they spent money like water but could not produce funds from legal sources, so they decided to confiscate their illegal gains. Since the investigation of NCA and CRCO has just begun, they have not yet harvested more illegal assets. It is expected that as the investigation deepens, they will harvest more illegal gains of Tian Wenjun and his wife. Zhao Changpeng and Tian Wenjun and his wife are just the beginning of the NCA and CRCO's net. There may be more Oriental people in the UK who will be investigated by NCA and CRCO and have their assets confiscated.
