bitcoinlaundering

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The Bitcoin Laundering Ruling
‎​The UK Crown Prosecution Service (CPS) has issued a "pay or stay" order against Seng Hok Ling. He was found to be a key accomplice in a massive money-laundering operation designed to hide the proceeds of a global fraud scheme.
‎​The Key Players
‎​Seng Hok Ling: The individual ordered to repay millions. He acted as a money launderer, helping to obscure the origin of illicit funds.
‎​Zhimin Qian: The mastermind behind a massive Ponzi scheme. Qian defrauded over 128,000 investors and converted the stolen money into Bitcoin to hide it from authorities.
Demands:
‎Repayment Order: Seng Hok Ling is required to pay more than $7.6 Million.
‎​Consequence: Failure to make this payment will result in additional jail time.
‎​Bitcoin Seized: A total of 61,000 BTC was confiscated by UK authorities.
‎​Total Market Value: The seized assets are valued at approximately $5.4 Billion.
‎​Historical Record: This represents the largest cryptocurrency seizure in the history of the United Kingdom.
‎​Victim Impact: The original fraud scheme affected roughly 128,000 investors.
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