130,000 people in China were defrauded, but the stolen money of 4.2 billion US dollars went to the British government?
A Chinese man defrauded 130,000 people through pyramid schemes. After exchanging the stolen money for Bitcoin, he fled to the UK and was arrested. The 4.2 billion stolen money is likely to be confiscated by the British government in the end!
From 2014 to 2017, Qian Zhimin, under the pseudonyms "Huahua" and "Hua Zong", manipulated a company called "Tianjin Lantian Ge Rui Technology Company" and carefully planned an investment scam, which was later defined by the official: Tianjin "Lantian Ge Rui" illegally absorbing public deposits! .
According to public reports, the amount involved in the case exceeded 43 billion yuan, and there were nearly 130,000 victims.
After the incident, more than a dozen people were convicted of bribery, embezzlement, misappropriation of public funds, and the most common charge: illegal absorption of public deposits.
As the boss behind the scenes, Hua Zong should have been instructed by an expert after the incident, and arranged and planned three steps in advance:
1. In July 2017, before the fraud case broke out, Hua Zong exchanged most of the investors' stolen money for Bitcoin on Huobi and other trading platforms. The price of Bitcoin at that time was about US$5,000 each. Compared with today's price of US$70,000, this asset is currently worth US$4.2 billion;
2. In advance, she bought a Burmese passport in the name of NAN YIN through an intermediary;
3. She used another name, Zhang Yadi, to buy another St. Kitts passport.
Her first step should be to smuggle from China to Myanmar. In 2017, a large number of intermediary snakeheads could provide this service. So why didn't she use a Chinese passport, but chose to smuggle? Of course, she was already under border control at the time and could not enter and exit the Chinese border normally.
On September 16, 2017, after she sneaked into Myanmar, she successfully entered Laos with a Myanmar passport in the name of Nan Yin, and then flew to the UK at the Lao airport with another identity, Zhang Yadi's St. Kitts passport, and a Lenovo laptop with a cold wallet.
Why did she do this? Because the St. Kitts passport is a passport that allows visa-free entry to more than 100 countries around the world, and most importantly, visa-free entry to the European Union and the UK.
Why she came to the UK instead of the US is unknown, but it must be related to the US government's stricter regulatory policy on cryptocurrencies.
