![Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvNTljOWU2ODEtODQ2OC00ZmNkLTg4YmEtMmU5MTUzOGQ4MWMxLmpwZw==.jpg)
Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million. Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found that he cheated investors out of $54 million,A Sept. 15 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.The 24-year-old Australian owned and operated two cryptocurrency....
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