Scottish land deal linked to bitcoin scam was 'plain money laundering'
A multi-billion dollar bitcoin laundering case has reportedly revealed how estate agents in Dubai attempted to launder funds via the sale of Scottish land in a ‘starkly fraudulent’ scheme. Former takeaway worker Jian Wen was convicted last week of launder ing billions of dollars worth of bitcoin on behalf of fugitive Chinese fraudster, Zhimin Qian. As reported by the Financial Times, during her prosecution, messages between Wen and Dubai-based estate agent Michael James Burke revealed a possible property deal in Scotland that would supposedly offer ‘ a 100% return on paper .’ Burke told Wen that he has “played with the valuation and the purchase price,” of his Scottish land to ensure a lucrative return. He said they accept cash or bitcoin before offering buyers a loan that can make “100% profit over two years.” Scottish bitcoin scheme was ‘starkly fraudulent’ Prosecutor Gillian Jones claimed during Wen’s proceedings that Burke’s offerings were “ another ...