News

Hendon woman jailed following cryptocurrency investigation

Jian Wen was sentenced to six years and eight months for money laundering

The word "POLICE" carved into stone on the side of a police building
(Credit – Met Police)

A Hendon woman has been jailed following a five-year cryptocurrency investigation by the Metropolitan Police’s specialist economic crime officers.

Jian Wen, 42, of Paradise Mansions was sentenced to six years and eight months in prison at Southwark Crown Court on Wednesday (22nd May) for entering into or becoming concerned in a money laundering arrangement.

The conviction relates to a cryptocurrency wallet containing 150 Bitcoin with a value of £1.7million.

Commander Steve Clayman, whose team led the investigation, said: “Thanks to the hard work and perseverance of highly skilled detectives in the Met, we have been able to disrupt a sophisticated economic crime operation – the sheer scale of which demonstrates how international criminals seek to exploit cryptocurrency for illegal purposes.

“Our team has helped secure justice and has persevered to trace this Bitcoin and identify the criminality it was linked to.”


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