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Bloomberg：Cryptocurrency Hedge Fund Founder Stefan Qin Admits to Massive Fraud
Summary: Stefan Qin, founder of Virgil Capital, a cryptocurrency hedge fund, pleaded guilty Thursday to securities fraud, as reported by Bloomberg. Stefan Qin was charged with duping investors by claiming he used a trading algorithm to take advantage of price differences for a number of cryptocurrencies, federal prosecutors said in an emailed statement. Qin stole investors' ...
Stefan Qin, founder of Virgil Capital, a cryptocurrency hedge fund, pleaded guilty Thursday to securities fraud, as reported by Bloomberg.
Stefan Qin was charged with duping investors by claiming he used a trading algorithm to take advantage of price differences for a number of cryptocurrencies, federal prosecutors said in an emailed statement.
Qin stole investors' money from his Virgil Sigma Fund LP. The U.S. Securities and Exchange Commission filed a civil case against Qin in last December.
By Amy Liu
Tags: Cryptocurrency,Fraud,Stefan Qin
Link: Bloomberg：Cryptocurrency Hedge Fund Founder Stefan Qin Admits to Massive Fraud [Copy]
