Federal prosecutors charge Richard Kim, a former executive at top Wall Street firms and founder of a startup crypto casino, with defrauding investors out of millions. The government alleges Kim solicited over $7 million for his venture, Zero Edge, under false pretenses and then misappropriated the funds, losing most through high-risk trades and gambling. Kim, previously with Galaxy Digital, Goldman Sachs, and JPMorgan Chase, was arrested Tuesday, according to court filings. Complaint Details Alleged Crypto Casino Fraud The accusations appear in a formal complaint filed in the Southern District of New York, charging Kim with wire fraud and securities fraud The post US Charges Wall Street Vet in $7M Crypto Casino Scheme first appeared on The Shib Daily
source: https://news.shib.io/2025/04/18/us-charges-wall-street-vet-in-7m-crypto-casino-scheme/?utm_source=rss&utm_medium=rss&utm_campaign=us-charges-wall-street-vet-in-7m-crypto-casino-scheme