Chinese scammer Zhimin Qian, who defrauded over 128,000 victims and stashed billions in Bitcoin, is expected to face more than a decade in prison.

Qian, along with her accomplices, ran a sprawling Ponzi scheme that promised sky-high returns to unsuspecting investors, and has been on the run since fleeing China in 2017 using fake documents.

Now, her long-awaited sentencing in London is set to bring an end to a case that has spanned multiple countries, shattered thousands of lives, and led to the largest Bitcoin seizure in British history. 

According to reports, Qian can face up to 14 years in prison if the court delivers the maximum penalty, a sentencing that would be handed down by Southwark Crown Court in a two-day hearing.

Qian, who used aliases like Yadi Zhang and was also referred to as the “goddess of wealth,” pleaded guilty in late September.

Zhimin Qian behind UK’s largest crypto seizure

UK authorities allege she played a central role in directing a massive fraud and laundering operation in what may be one of the largest crypto-related criminal cases ever pursued against an individual. After soliciting funds from tens of thousands of investors, Qian then moved the money into Bitcoin in an attempt to conceal the scale of the theft.

Between 2014 and 2017, the 47-year-old woman ran an investment operation that promised extraordinary returns while mainly targeting senior citizens and middle-aged savers with limited experience in high-risk products.

After Chinese authorities began closing in on the scheme, Qian fled to the UK using false documents and attempted to launder her crypto fortune through luxury property purchases and high-end living.

One of her accomplices, Jian Wen, was previously arrested and later jailed for more than six years after police uncovered Bitcoin wallets worth billions linked to the same scheme.

Authorities were able to trace Qian’s movements through surveillance and financial records and managed to recover cash, gold, and crypto assets worth millions during coordinated raids. Qian initially pled not guilty and prepared to contest the charges, but later changed her plea as the evidence mounted against her.

More than 61,000 BTC worth over $6 billion have been seized from Qian during the investigation, a haul that marked the largest cryptocurrency recovery ever made by UK authorities and became a central pillar of the case against her.

She is facing charges of possessing and transferring criminal property in the UK under the Proceeds of Crime Act.