In this article

JPM

GSBD

Follow your favorite stocks CREATE FREE ACCOUNT

Richard Kim , a former Goldman Sachs and JPMorgan Chase executive, was indicted on securities and wire fraud charges related to his alleged misappropriation of about $4 million in investor funds for his start-up online casino company, most of which he allegedly lost within a week through gambling on another site, prosecutors said Wednesday.

Investors who lost money in Kim's scheme included Galaxy Digital , where he had been a venture fund investor for six years, court filings show.

The case against Kim again relates to his company Zero Edge, which the 39-year-old New York resident announced after leaving Galaxy Digital in March 2024, and which purportedly planned to develop a blockch

See Full Page