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Woman found with £2B in Bitcoin convicted of money laundering

10 points| whyleyc | 1 year ago |bbc.co.uk

4 comments

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chiefalchemist|1 year ago

Is the 2B from commission? At what percentage of the whole being laundered? I'm a bit confused as to how exactly BC plays into this?

quantified|1 year ago

Seems unclear. The BC might represent money being laundered, and things like property purchases might be part of the laundering activity. If she's a laundress, I think she'd need to further pass the property titles on.

If she's the beneficiary of laundering, there's a whole 'nother interesting story untold here of why she is getting these gains.

If these are accumulated commissions, at a 10% commission she'd have moved $20B already, which would be sort of impressive. I don't know the commission rate, but the job would be well-paid.

Reubend|1 year ago

While the article doesn't clearly say this, my interpretation is that she was in procession of Bitcoins worth that amount at the time of her arrest, but she didn't "own" that money. That money probably belongs to others.

If she made £2 billion herself, she would surely be amongst the richest criminals in the world (prior to her arrest). For comparative purposes, El Chapo's net worth has been estimated as being anywhere between $1 billion to $12 billion.