Beijing's largest off-market financing boss Song Shijie involved in money laundering and crypto pig-butchering schemes
ChainCatcher news, Song Shijie, the largest off-market financing boss in Beijing, China, who owes 22 million yuan in penalties to the treasury, has handed over nearly 200 million yuan in asset forfeiture settlement to the UK and the US.The UK's National Crime Agency has seized his mansion, apartment, and bank accounts in London, valued at a total of 16.7 million pounds, approximately 161 million yuan, determining that the funds originated from illegal securities trading within China and money laundering in the UK. Song Shijie is also involved in a cryptocurrency scam, with three of his Binance accounts frozen, containing about 10 million dollars in crypto assets. According to a document from a court in Orlando, Florida, at the end of March, he has opted to forfeit claims to avoid criminal charges.