Richard Kim Indicted April 15 for Misusing $4 Million in Investor Funds for Zero Edge Online Casino Startup, Personal Gambling Alleged
Richard Kim, a former executive at Goldman Sachs, JPMorgan, and Galaxy Digital, was indicted on April 15, 2025, for securities and wire fraud related to the misappropriation of approximately $4 million in investor funds. These funds were intended for his blockchain-based online casino startup, Zero Edge, but prosecutors allege Kim redirected the money for personal gambling and trading activities. Kim, 39, faces charges from federal authorities for gambling away the investor money while running the company. In a separate case, the Department of Justice and Securities and Exchange Commission have charged two individuals in connection with a $275 million Ponzi scheme involving water vending machines.
Sources
Reuters LegalUS charges two in $275 million water vending machine Ponzi case https://t.co/mV4hw48hjY
Blur
last time i tried to farm a crypto casino airdrop i burned like $1k the first week (which i was fine with) but i couldn't stop then within the next two years i became severely addicted to gambling and my life fell apart. down like -$200,000 the airdrop was worth like $800 https://t.co/8FSCUDjECR
Barbarian Capital can't make it up "Zero Edge" was the name of the co; ex-GS/JPM “Richard Kim allegedly misappropriated millions of investors’ dollars intended to develop his online casino company by redirecting these funds for personal gambling and trading ventures,” Tech Company CEO Charged
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