BitcoinWarrior

News and Education

Bitcoin Laundering, ‘Gucci Goddess’ Army Swindle And Healthcare ‘Pump And Dump’ Scam: Financial Crime Weekly

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 …