Another Billionaire ‘Crypto Queen’ Will Be Spending More Than a Decade Behind Bars

On Tuesday, the most recent woman to earn the nickname “Crypto Queen” from the media received an 11-year sentence associated with a Ponzi scheme she previously ran in China in the 2010s. Zhimin Qian is said to have converted much of the proceeds from the scheme into bitcoin when the cryptocurrency was only worth a few thousand dollars as she fled the country and eventually ended up in the United Kingdom.

According to Reuters, Qian used her company Lantian Gerui to operate her Ponzi…