Online gaming firm Kizzang LLC’s founder used investor funds to support his own gambling habit, the Justice Department said March 6.
Robert Alexander, who also served as Kizzang’s president before the firm shut down in 2017, misappropriated about $1.3 million in investor funds, according to the indictment filed in the U.S. District Court for the Southern District of New York.
Alexander allegedly used the funds to pay gambling debts, personal credit card bills, and culinary school tuition for his daughter. He also spent about $50,000 to pay off a settlement unrelated to Kizzang and around $1,500 to celebrate a family ...
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