Richard Kim, formerly a top banker at JPMorgan Chase and Goldman Sachs, was indicted on securities and wire fraud charges for allegedly diverting nearly $4 million in investor funds from his casino startup to finance his personal gambling and cryptocurrency trades .

Kim, a 39-year-old New York resident who founded cryptocurrency gaming startup Zero Edge in March 2024 and served as its chief executive, allegedly told investors their money would be used to build an app-based casino and its technology, according to an indictment unsealed this week.

However, in June of that year, shortly after closing a $4.3 million seed financing round , Kim allegedly diverted around $3.8 million into personal crypto accounts and then sent funds to various exchanges and an online crypto casino, the in

See Full Page