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The game of three-card Monte, which Isaac Choi (aka Yi Suk Choi) has been playing on his investors and employees, has finally come to an ignoble end with his indictment on June 8, 2017. The U.S. Department of Justice's (DOJ) announcement blandly notes Choi was arrested and charged with five counts of wire fraud.
My memory recalled this case as being anything but bland. So, I reached out to the DOJ and asked to review the indictment (from which the DOJ notice derived) to confirm my memory that Choi not only duped his investors (not the first to do this), but he also duped his employees out of their wages (also not the first CEO to do this) and went one step further, in true Tom Sawyer fashion, and had his trusting employees invest in his company WrkRiot. He then used the employees' funds to pay the employees (a bit of Ponzi action to boot).
Let's dig in.
Who is Isaac Choi? Choi is a...