Wolf Of Crypto Street, 23 year Old Stefan Qin Charged for Fraud by SEC

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Stefan Qin appeared in an interview at CNBC back in 2018 explaining how he has found a way to make money using Bitcoin no matter BTC prices went up, down or remain still. The interview made then 21 year old quite famous and his crypto hedge fund Virgil Capital was a one night success.

SEC Freezes Assets and Charges Stefan Qin for Fraud

Few days back SEC accused Stefan Qin for fraud and started their investigation. In a latest press release, SEC has charged Qin and his entities for misleading investors through their Sigma Fund and has frozen their assets. The major complaints in the case as per SEC are:

  • Qin Mislead investors by promising to use the funds only for cryptocurrency trading while Qin and his entities used the funds for personal as well as other high risk investments.
  • Investors were informed that their funds will be transferred to a new firm owned by Qin no funds were transferred.
  • SEC complaint alleges that 23 year old is still attempting to misappropriate assets from his VQR fund and raising money for Sigma Fund.

Who is Stefan Qin?

Stefan Qin is a 23 year old Australian based in California who built a business out of arbitrage opportunities available in cryptocurrency space. In 2016, Stefan founded Virgil Capital a firm specializing in cryptocurrency arbitrage and put his studies San Francisco’s Minerva schools on hold.

Source: Canberra Times. Stefan Qin, Virgil Capital face SEC fraud charges over cryptocurrency fund.

His Crypto hedge fund Virgil capital clocked 400% returns on investment in 2017-18 managing around $23.5 Million then.



Share on Facebook



Share on Twitter



Share on Linkedin



Share on Telegram

Source link



Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close