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Australian man Stefan He Qin convicted in nearly $90 million cryptocurrency scam – ABC News
Stefan He Qin allegedly drained almost all of the assets from the fund he owned, spending it on indulgences and speculative personal investments, and lying to investors…
An Australian man has pleaded guilty to cheating investors out of more than $90 million by squandering the money they deposited in his cryptocurrency fund.
- Stefan He Qin committed the fraud between 2017 and 2020
- He tried to steal money from another fund he controlled to meet the redemption demands of the defrauded investors
- Qin faces up to 20 years in prison when he is sentenced on May 20
Stefan He Qin, 24, entered the plea to a single count of the fraud charge in Manhattan federal court.
Authorities…
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