Alert !!Millionaire Crypto Scam!!!!!
Richard Kim, former Wall Street executive and founder of Zero Edge, a cryptocurrency casino, has been arrested and charged with securities fraud by federal prosecutors. According to court documents, Kim allegedly defrauded investors by soliciting over $7 million under false promises and misappropriating the funds. Most of this money was lost in high-risk trading and gambling.
Case details:
- Charge: Electronic fraud and securities fraud
- Amount defrauded: Over $7 million
- Use of funds: High-risk crypto trading and gambling, losing $3.8 million
- Employment history: Former executive of Galaxy Digital, Goldman Sachs, and JPMorgan Chase
- Current status: Released on $250,000 bail with $100,000 in cash as collateral
The case is being prosecuted by the Southern District of New York (SDNY), and the FBI arrested Kim on these charges. Despite recent claims to halt law enforcement in crypto, this case shows that federal investigations are still ongoing.
