Richard Kim, who held the position of chief operating room for trade in the bank of Goldman Sachs, was arrested on charges of cryptocurrency fraud.
From official documents it is known that in March 2024, Kim launched the Zeroedge online casino, which was positioned as a cryptocasino. There were represented blockchain games, a virtual currency called Faith and a traded token called RNG.
From March to June 2024, Kim attracted about $ 4.3 million as part of the initial round of financing and the sale of tokens, introducing investors a roadmap. The document mentioned smart contracts, mechanics in the casino and rules in the field of gambling and securities.
However, during the investigation, law enforcement officers found that Kim used the funds received for personal purposes, including speculative transactions with cryptocurrency. At the same time, he assured investors that financing was going on exclusively for the development of online casinos.
Richard Kim has already been charged with the use of electronic communications and securities in accordance with federal US securities.
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Source: Cryptocurrency
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