So where is this money going to go?

[scutty brown]

£5.5 billion in Bitcoin confiscated by the UK police from a Chinese woman who ran an investment scam in China

External Link/Members Only
External Link/Members Only

Interesting that she was tried in the UK, not in China where the fraud happened
So who gets the cash?

[DastardlyDick]

Just done a quick google:-
Distribution of Recovered Funds
HM Treasury: A significant portion of the recovered assets goes to HM Treasury.
Law Enforcement Agencies: Funds are often allocated to the agencies responsible for the investigation and collection of the monies.
Victim Compensation: In some instances, judges can allocate a percentage of the seized funds to victims of the crime to compensate them for their losses.
Community Programmes: There have been instances where forfeited funds are directed to community-based initiatives.

[scutty brown]

What  I meant was is it going back to China, where the fraud happened? And if so, how much of it?

[timsussex]

I would hope it will be going back to the victims of whatever nationality but we all know the real answer to where it is going




The LAWYERS !

[DastardlyDick]

I would hope it will be going back to the victims of whatever nationality but we all know the real answer to where it is going




The LAWYERS !

Chances are that some of the victims won't come forward to claim any money they've lost for various reasons.

[gentlemencaller]

Wonder if she is being sent back to China? If some victims in China she could face execution?

[scutty brown]

Wonder if she is being sent back to China? If some victims in China she could face execution?

That was my thought as well.
Possibly that's why she was tried here - to avoid extraditing to a risk of execution?

[Tony Blair]

Paula Vennells gets it.