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Aussie crypto kid gets over seven years in US jail for Ponzi scheme – Sydney Morning Herald

Stefan Qin’s investors thought they’d found a sure thing — a cryptocurrency hedge fund that was generating 500 per cent returns….

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Qin told the judge he felt absolutely heartbroken to read the letters, many of whom were family, friends or business associates.
I feel ashamed
I feel ashamed to look them in the eye and tell them Im sorry, but I must, he said.
Qin had claimed he developed…

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