VALERIE E. CAPRONI

A lawyer for an NFL coach who sued the league over alleged racist hiring practices has told a judge that arbitration is the wrong way to resolve the lawsuit in part because NFL Commissioner Roger Goodell would be the arbitrator.

NEW YORK — (AP) — An Australian man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology. Authorities said the fraud occurred from 2017 to 2020 as Qin operated the fund, called Virgil Sigma. Qin pleaded guilty in February, admitting he carried out the fraud when he owned and controlled two Manhattan-based cryptocurrency investment funds, Virgil Sigma and VQR. Qin, who was ordered to forfeit $54.7 million, told Caproni that he had learned through his crime that success, money and fame were not what was important in life. I am so, so, so sorry.”He was ordered to report to prison Dec. 15.

A co-founder of “Students for Trump” during the 2016 presidential campaign was sentenced to 13 months in prison Tuesday for posing as a lawyer to cheat people he found on the internet out of thousands of dollars. U.S. District Judge Valerie E. Caproni in Manhattan rejected defense efforts to portray John Tyler Lambert as a naive victim of a co-conspirator whose “youthful exuberance" made him think he could create a fake persona to learn the law and help others. Caproni said Lambert's work to promote former President Donald Trump on college campuses was “a wonderful thing” because it kept young people engaged in government, but she said the leadership skills he used to do good in that role were used to do harm when he created a fake Manhattan law firm to lure victims online.