An Australian cryptocurrency hedge fund founder was accused of stealing around $90 million in assets held by one of his New York-based funds. He pleaded guilty to a single count of securities fraud in Manhattan federal court. Stefan Qin, 24, founded the Virgil Sigma Fund LP and the VQR Multistrategy Fund LP. The cryptocurrency hedge…

A Manhattan judge sentenced a hedge fund manager to probation rather than prison for securities fraud, saying that the defendant had taken responsibility for his crimes quickly. U.S. District Judge Robert Sweet sentenced Owen Li, the founder of Canarsie Capital LLC, to probation. The judge earlier indicated that he was likely to give Li a…