The British man implicated in the Qian Zhimin case, labeled a "professional money launderer," has been ordered to pay a $7.6 million fine or face an additional eight years in prison.
A British man, Sen Hok Ling, implicated in the Qian Zhimin Bitcoin fraud case, has been ordered to pay a $7.6 million fine or face eight years in prison. The Crown Prosecution Service stated that Ling, a known money launderer, assisted Zhimin Qian in transferring funds and received 83.7 bitcoins, which he cashed out through UAE accounts. Ling pleaded guilty to money laundering and was previously sentenced to nearly five years in prison. Ongoing civil proceedings relate to the disposal of 61,000 bitcoins seized in the case, with potential compensation for victims.
