Core Viewpoint - The case of Qian Zhimin, known as the "Bitcoin Queen," involves illegal fundraising of 40 billion yuan, conversion to 61,000 bitcoins, and subsequent flight to the UK, where she has now pleaded guilty to money laundering charges [1][2]. Group 1: Company Overview - Tianjin Blue Sky Ge Rui Electronic Technology Co., Ltd. (referred to as "Blue Sky Ge Rui") was established in March 2014 with a registered capital of 30 million yuan [1]. - The company operated under the guise of a technology firm, promoting high-return investment products with annual yields promised between 100% and 300%, significantly exceeding normal investment returns [1]. - From 2014 to 2017, Blue Sky Ge Rui illegally raised a total of 40 billion yuan, leading to substantial losses for nearly 130,000 investors [1]. Group 2: Legal Proceedings and Recovery Efforts - Following the investigation initiated in April 2017, law enforcement has apprehended 50 suspects linked to Blue Sky Ge Rui, with 28 already transferred for prosecution [1]. - The Tianjin Public Security Bureau has been actively pursuing asset recovery, freezing and seizing various assets related to the case, including funds, properties, and vehicles [1]. - Since February 2018, international cooperation has been ongoing with law enforcement agencies in the UK and other countries to pursue fugitives and recover funds [2]. Group 3: Investor Support and Warnings - The "Blue Sky Ge Rui Refund Working Group" was established in 2022 to register the amounts raised and losses incurred by affected investors, with additional registration opportunities provided in 2023 [2]. - The Tianjin Public Security Bureau has issued warnings to investors to cooperate with law enforcement and to avoid scams related to third-party legal guidance or cross-border recovery claims [2].

Core Viewpoint - The article discusses the recent developments in the illegal fundraising case involving Tianjin Lantian Ge Rui Electronic Technology Co., Ltd., highlighting the confession of the main perpetrator, Qian Zhimin, and ongoing efforts by law enforcement to recover losses for investors [1][9]. Summary by Sections Case Background - Tianjin Lantian Ge Rui, established in March 2014 with a registered capital of 30 million yuan, illegally raised 400 billion yuan from 2014 to 2017 by promoting high-yield investment products with promised annual returns of 100% to 300% [6][7]. - Qian Zhimin, the actual controller of the company, used deceptive marketing strategies to attract investors, claiming significant returns on investments [6]. Financial Details - The company’s fraudulent activities resulted in losses for nearly 130,000 investors, with Qian Zhimin converting illegal gains into 61,000 bitcoins, which were transferred overseas [5][6]. - As of November 2, the total value of the bitcoins was approximately 6.7 billion USD (about 47.68 billion yuan), significantly exceeding the total amount raised through illegal fundraising [6]. Legal Proceedings - On September 29, Qian Zhimin confessed to money laundering in a London court, marking a significant step in the international recovery efforts [8][9]. - The Tianjin police have been actively pursuing the case since April 2017, with 50 suspects arrested and assets frozen as part of the recovery process [7][9]. Ongoing Recovery Efforts - The Tianjin police continue to collaborate with UK law enforcement to recover funds for the victims, emphasizing the importance of legitimate channels for investors to express their concerns [9]. - A registration system for victims to report their losses has been in place since 2022, with additional opportunities for registration in 2023 [9].