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Ex-takeaway employee on trial after £1.4bn Bitcoin seized by police says ‘I used to be duped’ | UK Information

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A former Chinese language takeaway employee on trial after police seized Bitcoin value £1.4bn has informed a jury she was “duped” by the girl who defrauded the cash.

Jian Wen, 42, is alleged to have acted as a “entrance particular person” to assist launder a few of the earnings of a £5bn funding fraud carried out in China by Zhimin Qian between 2014 and 2017.

Qian, which suggests cash in Chinese language, fled the UK after police raided the six-bedroom home the ladies rented for greater than £17,000 a month close to Hampstead Heath in northwest London, a courtroom has heard.

Officers seized units from the property, in addition to a security deposit field containing digital wallets holding greater than 61,000 Bitcoin, valued at greater than £1.4bn, when police gained entry in the summertime of 2021.

Wen is on trial at Southwark Crown Courtroom, the place she denies three counts of cash laundering, relating to 3 cryptocurrency wallets, between October 2017 and January 2022.

The ladies rented a £17,000-a-month home close to Hampstead Heath. Pic: Google Avenue View

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She accepts she was concerned in an association coping with cryptocurrency however informed jurors: “I did not know her Bitcoin got here from regardless of the prosecution has accused me of. I had no thought in any respect.”

Wen informed the jury “I do not know the place she is” after Qian, who got here to the UK utilizing the false id Yadi Zhang on a St Kitts and Nevis passport, vanished a day earlier than she was because of be interviewed by police on 1 September 2020.

“I believe I used to be duped,” she mentioned. “I am ashamed of claiming that.”

Wen wept as she mentioned: “We have been shut… however trying again now I used to be used badly.”

She informed jurors she was working in a takeaway in southeast London when she first met Zhang after making use of to turn out to be her “butler”, believing she was a businesswoman with a global jewelry and antiques agency.

Lyndhurst Road near Hampstead village
A seven-bedroom home was available on the market for £23.5m. Pic: Google Avenue View

Prosecutors say Qian purchased cryptocurrency to get the proceeds of the fraud overseas and wanted to transform the Bitcoin again into money or “property, jewelry or different high-value objects”.

The courtroom has heard the pair travelled extensively all through Europe, promoting Bitcoin and shopping for advantageous jewelry, together with watches value round £49,300 and £69,900 from Van Cleef & Arpels in Switzerland.

Wen tried to purchase properties in London, together with a seven-bedroom Hampstead mansion with a swimming pool, which was available on the market for £23.5m, and a £12.5m eight-bedroom dwelling with a cinema and health club.

However not one of the purchases went forward as a result of the supply of the Bitcoin could not be defined, the courtroom has heard.

The trial continues

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