Chinese Tianjin Police: Actively Cooperating with UK Law Enforcement on Money Zhi-min Case Cross-border Pursuit and Asset Recovery
BlockBeats News, October 30th, the Hedong Sub-Bureau of Tianjin Public Security Bureau in China issued a notice today stating that the police are currently cooperating with UK law enforcement agencies to carry out cross-border fugitive repatriation and asset recovery cooperation, making every effort to recover the losses of participants in the fundraising. The police remind investors to express their demands rationally and in accordance with the law, be vigilant against unauthorized cross-border "asset recovery agents," and avoid being deceived again.
Earlier reports stated that on September 29th, the mastermind of a money laundering case involving 60,000 bitcoins, Qian Zhimin, pleaded guilty in the Southwark Crown Court in London, admitting to illegally obtaining and holding cryptocurrency-related crimes. Between 2014 and 2017, she led a large-scale fraud in China, defrauding over 128,000 victims and storing the proceeds in Bitcoin assets. This case involves issues such as cross-border money laundering, cryptocurrency asset recovery, and is seen as a milestone test in the era of digital currencies for cross-border financial crime supervision and governance. Qian Zhimin is accused of illegally raising approximately 43 billion yuan through a Ponzi scheme-like "investment financial management" product at Tianjin Blue Sky Gere Technology Co., Ltd. from 2014 to 2017, with 130,000 victims.
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