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    <p>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.&nbsp;</p> 
    <p>Former takeaway worker Jian Wen was convicted last week of <a rel="dofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a>ing billions of dollars worth of <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> on behalf of fugitive Chinese fraudster, Zhimin Qian.</p> 
    <p>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 ‘<strong>a 100% return on paper</strong>.’</p> 
    <p>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 <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a> before offering buyers a loan that can make “100% profit over two years.”&nbsp;</p> 
    <h2 class="wp-block-heading" id="h-scottish-bitcoin-scheme-was-starkly-fraudulent">Scottish bitcoin scheme was ‘starkly fraudulent’</h2> 
    <p>Prosecutor Gillian Jones claimed during Wen’s proceedings that Burke’s offerings were “<strong>another money laundering scheme, plain and simple</strong>,” and that it “stands out starkly as being something that’s fraudulent.”</p> 
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       Takeaway worker guilty of laundering billions with bitcoin
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    <p><em>Read more: United Nations reports USDT used for <a rel="dofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> <a rel="dofollow" title="launder" href="https://thebittimes.com/tag/launder.html">launder</a>ing across SE Asia</em></p> 
    <p>Burke owns the estate agency Alba Group and was acquainted with Wen in 2018 after she struggled to buy property with Qian’s illicitly obtained bitcoin.&nbsp;</p> 
    <p>He told Wen, “I know how to help you and make this work. Not just this property. But globally. Bank accounts. Funds. Trusts. Art. Property etc . . . this is my main business.”</p> 
    <p>Burke reportedly helped Wen sell 92 <a rel="dofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>s through his Seychelles and Switzerland-based companies. He also used another firm he owned to help Wen <strong>purchase two properties in Dubai for £518,000 ($650,000)</strong>.&nbsp;</p> 
    <p>It’s worth noting there was no evidence Wen invested in any of the Scottish land developments suggested by Burke.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/scottish-land-deal-linked-to-bitcoin-scam-was-plain-money-laundering-tbt83702.html">https://thebittimes.com/scottish-land-deal-linked-to-bitcoin-scam-was-plain-money-laundering-tbt83702.html</a></p>

Scottish land deal linked to bitcoin scam was 'plain money laundering'

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