An indictment was neglected in a case that included the founder of Casino Casino and an alleged gambling of millions of investor money. News comes from the US Lawyer Office for the southern region of New York, Jay Clayton.
Clayton works alongside the assistant director responsible for the New York Field Office of the FBI, Christopher J. Raya.
They have been charged at the door of the former founder and CEO of Zero Edge Corporation (Zero Edge), Richard Kim. The American boycott judge will supervise Lorna J. Chovaeld on the procedures and results of the case.
Kim was accused in the case of gambling in Casino Casin
Kim is accused of the mastermind of the process of fraud on Zero Edge investors and the Securities and Stock Exchange Committee (SEC) as part of the Securities and Stock Exchange Committee against Richard T. Kim, No. 1: 25-CV-03796 (SDNY May 7, 2025).
These fees include “making wrong and misleading data regarding the use of the investor’s money and then the difference in that money,” according to what he said. Report of the Ministry of Justice.
These dangerous accusations of defrauding securities and fraud charge, each of which carries a 20 -year prison sentence. American lawyer Ryan T. Niz will prosecute the case, and the case will be dealt with by the securities and commodity fraud squad.
Kim’s alleged misconduct
Zero Edge was founded by KIM in 2004 with a Blockchain use offer and cryptocurrency to feed the casino application. According to reports, Kim provided assurances to potential investors that the application will be developed with their investments.
The information of the Ministry of Justice and subsequent charges says that Kim did otherwise with the revenues of his financing rounds. Instead of developing “in the series” games such as waste and possibly Bacarat, Black Jack and Roulette at a later stage, the abuse of treatment is accused by these investments.
the Documentation of the indictment Explain the finger to Kim, saying that “the company’s seed’s seed revenues were mixed to make speculative and gambling currency deals in a casino on the Internet.”
Zero Edge financing rounds
The Ministry of Justice stated that Kim and Zero Edge closed the seed financing round about $ 4.3 million of investors.
Moreover, Kim “has transferred about $ 3.8 million of investor money first to a personal encrypted currency account held in Coinbase, then sent nearly a million dollars to a variety of other encryption exchanges, including Binance, Krakeen and BackPack.”
the The indictment It goes further to the alleged acts of Kim from June 21, 2024, to June 27, 2024. In this timeline, Kim has performed transfers worth $ 7 million and a million dollar transportation, from “Coinbase and Kraken to a personal account held on a casino and sports book on the Internet, mixing”.
The records of the Ministry of Justice show that Kim transferred nearly $ 450,000 to another encrypted currency with unknown owners and transferred an additional $ 14,000 from Kraken to a personal examination account.
Email messages appear to accept guilt
In emails presented as part of the indictment, Kim contacted investors, saying he was “only responsible for the loss of $ 3.67 million in the company’s public budget.”
Despite this acceptance of guilt, he claimed that he had hidden the cause of the losses, saying it was not Gambling lossesIt was part of the “trading losses learned from round financing revenues” and it was a “treasury management strategy”.
The FBI stated that at the time of his arrest he announced that these measures were “clearly wrong from the beginning” and “completely unjustified.”
Distinctive credit image: Ideogram.
Pamphlet The founder of Crypto Casino is accused of gambling millions of investors First appear on reading.
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