Cryptocurrency Hedge Fund Founder Faces 7 5 Years In Prison For Embezzling Funds
US District Judge Valerie Caproni found that Australian national Stefan He Qin, the founder of Virgil Sigma Fund LP and VQR Multistrategy Fund LP, siphoned away millions of dollars of investors’ funds to pay for his extravagant lifestyle. The prison sentence comes half a year after Qin was charged with security fraud by the Department of Justice. The Virgil Sigma fund once claimed to have over $90 million under management from dozens of investors....