Overview
- Southwark Crown Court sentenced Qian to 11 years and eight months after she pleaded guilty to possessing and transferring criminal property.
- Metropolitan Police hold over 61,000 Bitcoin linked to the scheme, valued around £5 billion during the proceedings, in one of the UK’s largest crypto seizures.
- Prosecutors said Qian’s Lantian Gerui operation in China ran from 2014 to 2017 and drew in more than 100,000 investors with Ponzi-style promises.
- Investigators traced property-linked red flags to her Hampstead base, seized early wallets in 2018, and arrested her in York in April 2024 after tracking wallet activity.
- Associates including Seng Hok Ling and Jian Wen have been convicted and sentenced, as victims pursue proprietary claims with the CPS delaying vesting to allow filings.