CPS orders money launderer who facilitated the movement of proceeds from a large-scale investment fraud in China to repay £5.6M or face additional jail time

Qian transferred a total of 67.7 Bitcoin to wallets controlled by Ling in February 2024 and then a further 16 Bitcoin were transferred to him in April 2024. After receiving the cryptocurrency, he then converted these into other cryptocurrencies, including Tether, the price for which is linked to the price of the US Dollar. Some of these funds were then transferred abroad and paid into bank accounts in the United Arab Emirates. Some of the cryptocurrencies held by Ling were sent to third parties and converted into cash…