Author: Michael Forsythe and Gabriel J.X. Dance

[ad_1] Jerry Yu has the trimmings of what the Chinese language name second-generation wealthy. He boasts a Connecticut prep-school training. He lives in a Manhattan condominium purchased for $8 million from Jeffrey R. Immelt, the previous Normal Electrical chief govt. And he is almost all proprietor of a Bitcoin mine in Texas, acquired final 12 months for greater than $6 million.Mr. Yu, a 23-year-old scholar at New York College, has additionally grow to be — fairly unintentionally — a case examine in how Chinese language nationals can transfer cash from China to the USA with out drawing the eye of…

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