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Zero Edge Founder Richard Kim Arrested for Misappropriating Investor Funds for Gambling
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Richard Kim, founder of Zero Edge, was arrested for misappropriating investor funds for gambling. According to an indictment filed by the FBI in the Southern District of New York on Tuesday, Kim allegedly tricked investors into investing in his cryptocurrency technology company Zero Edge through fraudulent means, and then misappropriated millions of dollars of investment funds for gambling. He has currently posted a $250,000 bail. (CoinDesk)
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