Cryptocurrency hedge fund founder faces 7.5 years in jail for embezzling funds

The founding father of two now-defunct cryptocurrency hedge funds has been sentenced to seven and a half years in US jail for embezzling and making unauthorised investments with consumer funds.



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US District Choose Valerie Caproni discovered that Australian nationwide Stefan He Qin, the founding father of Virgil Sigma Fund LP and VQR Multistrategy Fund LP, siphoned away thousands and thousands of {dollars} of buyers’ funds to pay for his extravagant way of life.

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The jail sentence comes half a 12 months after Qin was charged with safety fraud by the Division of Justice.

The Virgil Sigma

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