Stefan Qin: Inside a $US90m crypto fraud
Share A 24-year-old UNSW dropout, who is facing up to 20 years in prison after pleading guilty to stealing $US90 million from investors, spent almost all the money on “personal indulgences”, including food, services, rent on a New York City penthouse and real estate investments. Stefan Qin spent almost all the $90 million he defrauded from investors on “personal indulgences”. Australian crypto investors in the funds are furious at the level of deception Qin showed in mismanaging the Virgil Sigma Fund and the VQR Multistrategy Fund. “It’s not like he lost money because the market...
Source: afr.com