Aussie fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million. Stefan He Qin, the founder of two cryptocurrency hedge funds, has been sentenced to more than seven years in prison after United States authorities found that he had cheated investorsContinue reading “Australian crypto fund manager sentenced to 7 years for stealing $54M from investors”
Tag Archives: Australia
Australians lost over $25 million to bogus crypto investments
Bitcoin-related investment scams have already exceeded $18.5 million, an increase of 44% compared to the total losses of nearly $12.8 million in 2020. Investment scams in Australia cost investors more than 70 million Australian dollars ($50.5 million) in the first six months of 2021, with crypto scams contributing to more than 50% of the losses,Continue reading “Australians lost over $25 million to bogus crypto investments”
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