The former jpmorgan bank in charge of transferring $ 4 million of investor money to gambling gambling

Richard Kim, who was previously working, was one of the best bankers in JPMorgan Chase and Goldman Sachs, on charges of defrauding securities and defrauding wires by allegedly transferring nearly $ 4 million of investor money from starting his casino to finance his personal gambling and Crossed currency deals.

Kim, 39 years old Resident in New York Who founded Cryptocurrency Gaming Startup Zero Edge in March 2024, and worked as an executive president, claiming that investors have been told that their money would be used to build an applicable casino and technology, according to the indictment of this week.

However, in June of that year, shortly after the closure The seed financing round worth $ 4.3 millionThe indictment says that Kim has converted about $ 3.8 million into personal encryption accounts and then sent money to many exchanges and online casino.

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“As he claimed, Richard Kim misled the investors by promising that he would build the application of Blockchain casino games, but it is irony that Kim turned away and moved away from the money he said he would use to build a better casino,” American lawyer Jay Clayton said in a statement.

“Founders who misuse the confidence of their investors threaten the integrity of our important and unique market from investment capital.”

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He claims that he moved about $ 7 million through various accounts, including Personal encryption governorThe indictment adds that the indictment continues to search for additional investments even after the trading began with the current investor funds.

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For a few days, it was claimed that he lost investors ’money, and admitted in an email to investors that he was“ only responsible for losing $ 3.67 million from The company’s public budget“According to the indictment.

After his arrest, Kim told the FBI that he had hidden information from investors, adding that he knew that his actions were “clearly wrong from the beginning” and “completely unjustified.”

Kim was accused of securitating securities and fraud on wires, as every charge over 20 years is punished in prison.

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The US Prosecutor’s Office for the southern region of New York did not respond to Four Fox Pennsylvs for comment.