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Former Goldman Sachs, JPMorgan exec gambled away investor funds for his online casino company: Feds

From cnbc.com

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 ... (full story)

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  • Category: Entertainment News