Qian Zhimin pleads guilty in court in the UK, police report: continuing cross-border fugitive and asset recovery cooperation Golden Finance reported that the Hedong Branch of Tianjin Public Security Bureau reported on October 30 that on April 21, 2017, the Hedong Branch of Tianjin Public Security Bureau filed a case to investigate the case of Tianjin Lantian Gerui Electronic Technology Co., Ltd. suspected of illegally absorbing public deposits, and the main suspect Qian Zhimin fled to the UK. Tianjin public security organs have conducted in-depth international cooperation with British law enforcement agencies through channels such as international law enforcement and judicial cooperation in the pursuit of fugitives and stolen goods. On September 29, 2025, the Southwark Court in London, UK, held a trial of Qian Zhimin for suspected money laundering crimes, and Qian Zhimin pleaded guilty in court. At present, the public security organs are still cooperating with British law enforcement agencies in cross-border fugitive and asset recovery, making every effort to recover the losses of fundraising participants. At the same time, it is reminded that fundraising participants should cooperate with the public security organs to handle cases in accordance with the law, express their demands and reflect the situation reasonably and legally, and not believe or spread rumors. The public security organs have not entrusted a third-party organization to provide legal guidance to the fundraising participants who intend to appear in court, nor have they entrusted a third-party organization to carry out cross-border fugitive and asset recovery work. Please identify the so-called cross-border recovery agents for fundraising participants to avoid being deceived. It is reported that the source of the illegal fundraising case of Blue Sky Gree in Tianjin, China can be traced back to 2014 to 2017. At that time, Qian Zhimin meticulously planned a large-scale investment scam in China through a company called "Tianjin Blue Sky Gerui Electronic Technology Co., Ltd. She sold high-yield "investment and wealth management" products to over 128000 Chinese investors, promising returns of 100% to 300%. In just three years, she illegally raised a total of 43 billion yuan through the technique of "repaying the money in the future". After the product explosion in 2017, Qian Zhimin converted illegal gains into Bitcoin and transferred them overseas, and used a fake passport to escape to the UK. In May 2021, the police seized and frozen 61000 bitcoins from Qian Zhimin's device, which is the largest ever in the UK and one of the largest cryptocurrencies seized by law enforcement agencies worldwide.