Bank employee unsuccessfully invested stolen 2 million yuan in bitcoin

Bank employee unsuccessfully invested stolen 2 million yuan in bitcoin

By Kluma | InterestingCrypto | 11 Jun 2020

A bank employee from China invested the money of the company's customers in the first cryptocurrency, when its price dropped from $ 14,000 to $ 3,800

A former bank clerk from China stole money from the accounts of company customers and invested it in cryptocurrency. 33-year-old Liu Lihua squandered 1.85 million yuan ($ 261,000) of the bank and another 770,000 yuan ($ 110,000) on behalf of customers. He invested while the price of cryptocurrency dropped from $ 14,000 to $ 3,800, 8btc writes .

During 2018 and until May 2019, Liu spent bank funds on investments in digital money and on his own needs. When they ended, the banker began to issue loans in the names of customers. Now he faces up to 12 years in prison, a fine of 100,000 yuan for fraud and embezzlement with the return of all illegally misappropriated money.

Earlier, an English court ordered the seizure of nearly $ 2.3 million from former KFC food service employee Paul Johnson. In February, he was sentenced to 8 years in prison for money laundering and the organization of a darknet resource. It sold illegal substances, payment was carried out in bitcoins.

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