SEC Obtains Emergency Asset Freeze, Charges Crypto Fund Manager with Fraud
Washington, D.C. (Newsfile Corp. - December 28, 2020) - The Securities and Exchange Commission today announced that it filed an emergency action and obtained an order imposing an asset freeze and other emergency relief against Virgil Capital LLC and its affiliated companies in connection with an alleged securities fraud relating to Virgil Capital s flagship cryptocurrency trading fund, Virgil Sigma Fund LP. The Commission s action alleges that the fraud was directed by Stefan Qin, an Australian citizen and part-time resident of New York, who owns and controls Virgil Capital and its affiliated companies.