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SEC Charges 23-Year-Old Crypto Fund Manager with Fraud Stefan Qin allegedly lied to investors about Virgil Sigma Fund’s strategy, assets, and financial condition. The US Securities and Exchange Commission (SEC) has accused the 23-year-old founder of an investment management firm of defrauding investors in the company’s flagship cryptocurrency trading fund by lying about the fund’s strategy, assets, and financial condition. The regulator filed an emergency action and obtained an order imposing an asset freeze against Virgil Capital LLC and its affiliated companies in connection with an alleged securities fraud relating to its Virgil Sigma Fund. The SEC alleges the fraud was led by Stefan Qin, an Australian citizen and part-time resident of New York, who owns and controls Virgil Capital and its affiliated companies.

New yorkUnited statesKristina littmanStefan qinExchange commissionVirgil sigma fundVirgil capitalEnforcement division cyber unitSigma fundVirgil sigmaCyber unitSouthern districtபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்கிறிஸ்டினா லிட்மேன்ஸ்டீபன் குயின்