Tag Archives: Embezzlement

Karpeles Beats Embezzlement Charges in Mt Gox Ruling

n nn nn The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.Per reports in the Wall Street Journal, the court&x27s verdict is a massive blow to Japanese prosecutors who have maintained their stance that Karpeles ...

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Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Mark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Court Sentences Karpeles The ...

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Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy

n nn nn Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company.Business Korea reported on Coinbins recent failure, claiming that the company had lost $ 26 million as a result of theft and the subsequent bankruptcy declaration. Coinbins CEO Park Chan-kyu claimed that the move was due to a rise ...

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Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement

n nn nn Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen $ 3 million USD of customer funds into his own ...

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