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24-yr-old crypto fund manager sentenced to 7.5 yrs in prison in US
short by Hiral Goyal / on Saturday, 18 September, 2021
Cryptocurrency hedge fund manager Stefan Qin, who lied about returns on his $90 million fund and took money from its accounts to fund personal expenses, has been sentenced to 7.5 years in prison, the US Department of Justice said. The 24-year-old pleaded guilty to one count of securities fraud after prosecutors said he ran the fund like a Ponzi scheme.
read more at US DOJ