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Man gets over 7 years in prison in cryptocurrency scam – KION546

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AP Nationwide Enterprise

By LARRY NEUMEISTER
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NEW YORK (AP) — An Australian man who pleaded responsible to securities fraud for dishonest buyers in his cryptocurrency fund of over $50 million has been sentenced to over seven years in jail. U.S. District Choose Valerie E. Caproni imposed the sentence Wednesday on 24-year-old Stefan He Qin after saying she wasn’t positive of the sincerity of his apology. Earlier than she introduced the sentence, Qin mentioned he felt “completely heartbroken” over the ache he’d brought on buyers, together with members of the family, buddies and enterprise associates. Authorities mentioned the fraud occurred from 2017 to 2020 as Qin operated the fund titled Virgil Sigma.


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