Tag Page financefail

Ex-Banker’s Casino Dream Goes Wildly Off Rails

Imagine pitching investors on a hot new crypto casino app, then blowing the entire $4 million budget on actual gambling. That’s what ex-JPMorgan and Goldman exec Richard Kim did—he was supposed to build a blockchain gaming empire, but his gambling addiction took over. Instead of launching his startup, he gambled away the cash and is now facing fraud charges. He’s admitted it was all “wrong” and “unjustifiable.” Wild, right? #News #financefail #blockchain