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Woman tried in London over alleged bitcoin laundering from $6.3 billion China fraud

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Reuters UK

By Sam Tobin LONDON (Reuters) – A woman converted bitcoin into cash and property to help launder the proceeds of a 5 billion pound ($6.3 billion) fraud which was perpetrated in China, prosecutors told a London court on Monday. Wen Jian is charged with helping to hide the source of money alleged to have been stolen from nearly 130,000 Chinese investors in fraudulent wealth schemes between 2014 and 2017. The 42-year-old, who denies three counts of money laundering, is not alleged by prosecutors at London’s Southwark Crown Court to have been involved in the underlying fraud. Prosecutor Gillian Jo…

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