HomeCrimeTrader Charged in Bitcoin Fraud Case
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Trader Charged in Bitcoin Fraud Case

Joseph KimA 24-year-old Chicago man has been charged with stealing $2 million in bitcoin and other cryptocurrency from Consolidated Trading, a Chicago firm where he worked, reports the Chicago Tribune.

Prosecutors allege Joseph Kim made false statements to hide the theft until it was discovered by his employer.

In an email to his bosses quoted by prosecutors, WLS reported Kim wrote “”It was not my intention to steal for myself. Until the end I was perversely trying to fix what I had already done”

Kim appeared to be questioning himself in the email.

“I can’t believe I did not stop myself when I had the money to give back, and I will live with that for the rest of my life.”

The defendant has not entered a plea. Bond has been set at $100,000 and his travel is limited to between Northern Illinois and Arizona where he has a home.

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