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As Qin continued to pretend that the hedge fund was making a substantial profit, more investors flocked to the fund. In turn, he was able to pay off client redemption requests -- at least, until the summer of Qin was suddenly unable to meet redemption requests, and so attempted to steal from VQR by way of fund transfers. In December , he ordered the head trader at VQR to wind down all trading positions and transfer the funds to Virgil Sigma.
Qin pled guilty to one count of securities fraud, an offense that carries a maximum term of 20 years in prison. Sentencing is scheduled for May. The year-old represented himself as a cryptocurrency and ICO consultant, but once he secured investments, he simply embezzled the funds. Have a tip? Investor data breach 'fatigue' reduces Wall Street punishment for cybersecurity failures.
Singtel hit by third-party vendor's security breach, customer data may be leaked. Singapore telco says it has pulled back all use of Accellion's file-sharing system FTA and is investing the impact of a cybersecurity attack, having ascertained on February 9 that Proofpoint sues Facebook to get permission to use lookalike domains for phishing tests.
Facebook's crackdown on lookalike domains last year has touched some of the domains security firm Proofpoint was using for security awareness training exercises. Twitter complies with Indian government orders to block hundreds of accounts. The platform said it is currently exploring options to circumvent the blocking orders as it believes the company's fundamental right to free expression under Indian law has been An FBI alert sent on Tuesday warns companies about the use of out-of-date Windows 7 systems, poor account passwords, and desktop sharing software TeamViewer.
Dell offers to arm 3, in Singapore with cloud, data skills. Tech giant sets up tech skills accelerator to train 3, fresh graduates and mid-career professionals in cloud, data protection, and big data analytics over the next two years. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Trading and investing carries a high risk of losing money rapidly due to leverage.
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