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The madness of greatness - The story I'm going to tell you is only too classic: that of a man who presented himself to everyone as a genius investor who became rich thanks to cryptocurrencies , in order to extort funds to his unsophisticated acquaintances. Obviously, his epic ended. Explanations!
The Lord will give it back to you (or not)
The misadventure of the day is reported by the sleuths of The Block : a survey of the FBI helped end the unsavory business of a young American living in New York .
Mr. Jae Woo Kim is therefore being prosecuted in particular for fraud . He was presented on July 16 to a judge responsible for investigating his case. According to the charges brought against him, he would have started to set up his business by presenting himself at the end of 2017 as a seasoned investor , who had become rich thanks to cryptocurrencies .
Game over
In practice, and in reality , this little sought after cover would have enabled him to solicit loans from friends and acquaintances . The latter were supposed to finance both startup projects related to cryptocurrencies and trading activities.
But all that was just wind : in fact, the funds collected allowed the margoulin to fuel his favorite activity, online betting in cryptocurrencies on foreign sites just as obscure as his activity. The latter became more complicated, especially since February of this year.
The accused will therefore have to wait for his trial, as will his victims. The latter will therefore have enabled the clever boy to collect $ 4.5 million in his fallacious enterprise. If convicted, Jae Woo Kim faces up to 20 years in prison and a $ 250,000 fine.
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