Coin World News Report:
According to foreign media reports, on October 21st local time, Tianjin Blue Sky Gerei Electronic Technology Co., Ltd. (hereinafter referred to as Blue Sky Gerei) is suspected of illegally absorbing public deposits and Yadi Zhang, the main suspect in the largest scale Bitcoin money laundering case in the UK, pleaded not guilty to the charges of the Bitcoin money laundering case at the Southwark Crown Court in London.
The above report states that the court charges Yadi Zhang with two money laundering crimes, accusing her of holding and transferring illegal cryptocurrencies on or before April 23rd.
In April of this year, Yadi Zhang was arrested in connection with a Bitcoin money laundering case. According to a previous report by The Paper, UK judicial documents in the Wen Jian case show that after Yadi Zhang entered London, she employed Chinese-British woman Wen Jian, who worked in a local Chinese restaurant, as her “white glove” to carry out a series of money laundering operations, including exchanging Bitcoin and purchasing jewelry and multimillion-dollar luxury homes. However, due to the significant discrepancy between Wen Jian’s declared income and her current level of consumption, as well as the unclear source of funds, it triggered the UK’s anti-money laundering procedures and attracted the attention of local police.
In May of this year, 42-year-old Wen Jian was sentenced to 6 years and 8 months in prison by the Southwark Crown Court in London, for assisting her employer in Bitcoin money laundering between October 2017 and January 2022. In this case, the British police seized over 61,000 Bitcoins, of which the owner was Yadi Zhang. This case is also the largest-scale cryptocurrency money laundering case investigated in the UK.
China Newsweek reported in May that according to a British judicial document, these 61,000 Bitcoins were mainly purchased with the proceeds of Yadi Zhang’s criminal activities in China. Yadi Zhang is the owner and controller of Blue Sky Gerei. After the Chinese police investigated Blue Sky Gerei, Yadi Zhang fled China in July 2017 and arrived in the UK in September 2017 with a passport under the name of Yadi Zhang. She hired a Chinese woman named Wen Jian to assist in the money laundering activities.
In China, Yadi Zhang is also known by another name, “Hua Hua”. As early as the end of 2017, the Tianjin police announced that they had initiated an investigation into Blue Sky Gerei for illegal fund absorption. Other related local public security agencies were also conducting investigations and initiating investigations.
Previously, Blue Sky Gerei used the Internet, large-scale promotion conferences, and other means to launch more than ten financial management projects, using intelligent elderly care services as a gimmick, and vigorously promoting zero risk and high returns. They illegally absorbed deposits from unspecified individuals in society through offline contracts. “You give Gerei three years, and Gerei will give you three lifetimes of wealth and prosperity” was the slogan of Blue Sky Gerei in those years.
A judgment obtained by The Paper showed that from April 2014 to August 2017, Blue Sky Gerei illegally absorbed over 40.2 billion yuan, all of which were controlled and disposed of by Yadi Zhang. Among them, over 34.1 billion yuan was used to repay more than 120,000 fundraising participants.
