RCAR - Bitcoin Laundering 'Gucci Goddess' Army Swindle And Healthcare 'Pump And Dump' Scam: Financial Crime Weekly | Benzinga
A woman on trial for allegedly laundering billions of dollars of Bitcoin into cash told a London court on Friday that she was the victim of skillful manipulation by a “super villain.”
Jian Wen is on trial for allegedly laundering Bitcoin in cash for Yadi Zhang, who ran a fraudulent investment scheme in China, who purportedly duped around 130,000 investors into parting with a total $6 billion.
Jian’s lawyer told the court that Yadi had used her as a “sacrificial lamb” in his megalomaniacal ambitions.
The defending lawyer said: “Yadi Zhang is a super villain and there’s no other way to describe that.”
When police raided Jian’s house, they seized Bitcoin worth more than $2 billion.
The trial continues.
Guilty Plea From $100 Million Army Swindler
A woman allegedly swindled $108 million out of the U.S. Army using a children’s charity as the front for her operations agreed this week to plead guilty to fraud and tax charges.
In 2016, Janet Yamanaka Mello created a shell company, Child Health ...