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 former Wall Street trader pleaded guilty to securities fraud and wire fraud after authorities accused him of running a Ponzi scheme that cheated investors out of $19 million. Instead of investing their money, he spent it on luxury items and vacation rentals for himself and his family. Each count carries a maximum prison sentence…

New York Congressman Chris Collins is facing insider trading allegations that could result in a decades-long prison sentence if he is convicted on all charges. He pleaded not guilty to eight charges in Manhattan federal court. Maintaining his innocence, Collins told reporters he had “acted properly and within the law at all times” after being…

Six individuals and four corporate entities were charged for their alleged participation in securities fraud amounting to more than $50 million and a money laundering scheme that involved a Pablo Picasso painting. Defendants indicted in the scam in Brooklyn, New York, included London-based brokerage firm Beaufort Securities Ltd., offshore bank Loyal Bank and a London…