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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Medicare’s belief fund faces insolvency in 2026. Here is how that squares with Democrats’ efforts to increase the medical insurance program

  • The newest Medicare trustees report reiterated that starting in 2026, the belief fund for Half A (hospital insurance coverage) can have extra money going out than coming in except Congress takes motion earlier than then to forestall insolvency.
  • Congressional Democrats wish to add dental, imaginative and prescient and listening to protection to Medicare as a part of their $3.5 trillion finances plan.
  • Whereas including these advantages would have an effect on Medicare spending, they might haven’t any direct affect on the belief fund.

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It is a scenario that seems incongruous: Congressional Democrats wish to increase Medicare’s

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Coinbase Faces SEC Lawsuit Over Cryptocurrency Lending Program

The Securities and Alternate Fee has threatened to sue cryptocurrency change platform Coinbase, in response to the corporate.

screen of a cell phone: A photo shows the Coinbase logo on a phone screen in Los Angeles, April 2021. Coinbase launched its Dogecoin sweepstake on June 3, and it concluded on June 10.

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A photograph exhibits the Coinbase emblem on a cellphone display screen in Los Angeles, April 2021. Coinbase launched its Dogecoin sweepstake on June 3, and it concluded on June 10.

A publish on Coinbase’s weblog says the SEC has issued the corporate with a Wells discover—a message of intent to sue in courtroom.


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The weblog publish, written by Coinbase’s chief authorized officer Paul Grewal, states that the warning was issued over the platform’s proposed Lend

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