Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors By Cointelegraph

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Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

Stefan He Qin, the founder of two cryptocurrency hedge funds, has been sentenced to more than seven years in prison after United States authorities found that he had cheated investors out of $54 million.

A Wednesday statement from the U.S. Department of Justice (DoJ) announced that U.S. District Judge Valerie Caproni handed Qin a 90-month sentence for defrauding his investors out of $54 million.