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Caixin: Beijing's Largest Off-Exchange Margin Trading Boss Song Shijie Involved in Money Laundering and Crypto Scam, Pays $200 Million in Settlement to UK and US, Assets Worth $161 Million Seized
Summary: According to Caixin, Beijing's largest off-exchange margin trading boss Song Shijie, who owed the national treasury 22 million yuan in fines, has handed over nearly 200 million yuan in assets for settlement to the UK and US. The UK's National Crime Agency seized his luxury homes, apartments, and bank accounts in London, worth about 161 ...
According to Caixin, Beijing's largest off-exchange margin trading boss Song Shijie, who owed the national treasury 22 million yuan in fines, has handed over nearly 200 million yuan in assets for settlement to the UK and US. The UK's National Crime Agency seized his luxury homes, apartments, and bank accounts in London, worth about 161 million yuan, and determined that the funds came from illegal securities trading in China and money laundering in the UK.
Reports indicate that Song Shijie was also involved in a crypto scam, with his 3 Binance accounts frozen, containing around $10 million in crypto assets. According to a document from a Florida court in Orlando at the end of March, he relinquished his claims to avoid criminal charges.
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Link: Caixin: Beijing's Largest Off-Exchange Margin Trading Boss Song Shijie Involved in Money Laundering and Crypto Scam, Pays $200 Million in Settlement to UK and US, Assets Worth $161 Million Seized [Copy]
