Tag Archives: Embezzlement

Report: Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal

Tokyo prosecutors have reportedly dropped plans to appeal the acquittal of former Mt. Gox CEO Mark Karpeles on charges of embezzlement Cointelegraph.com News

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Michael Avenatti, lawyer who challenged President Trump, charged with extorting Nike, embezzlement and fraud

Federal prosecutors filed extortion and conspiracy charges against Avenatti in New York. He was charged in Los Angeles with embezzlement and fraud.           GANNETT Syndication Service

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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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