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Chinese National Sentenced for £2 Billion Crypto Fraud

11/11/2025

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Summary

Story summary

Qian Zhimin, a Chinese national, was sentenced in the UK to 11 years eight months for money laundering involving billions in cryptocurrency.
She embezzled funds from more than 100,000 investors via Lantian Gerui.
The company promised health-tech returns.
After fleeing China in 2017, she lived in Hampstead, London, paying over £17,000 monthly rent.
The police investigation led to one of the largest cryptocurrency seizures in UK history.

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Story summary

Qian Zhimin, a Chinese national, was sentenced in the UK to 11 years eight months for money laundering involving billions in cryptocurrency.
She embezzled funds from more than 100,000 investors via Lantian Gerui.
The company promised health-tech returns.
After fleeing China in 2017, she lived in Hampstead, London, paying over £17,000 monthly rent.
The police investigation led to one of the largest cryptocurrency seizures in UK history.