Published on September 14th, 2015 | by bitcoin0
Bitcoin Embezzlement! Formally charged, Mt. Gox CEO’s next stop is jail.
Mark Karpeles, the Chief Executive Officer of failed Bitcoin exchange Mt Gox is one step closer to being thrown in jail with news out of Japan that he has now formally been charged in relation to crimes committed while he was running the now bankrupt exchange.
The formal charges primarily seem to relate to the second arrest, specifically that he misappropriated $2.6 million of deposits from the trading accounts of Mt Gox customers, although Yahoo News reports that the indictment includes Karpeles being charged in relation to falsifying data, suggesting that it’s possible he could have been charged following both arrest investigations.
Karpeles could be facing over a decade behind bars if he is ultimately found guilty.
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Duncan RileyDuncan Riley is a senior writer at SiliconANGLE covering Startups, Bitcoin, and the Internet of Things.
Duncan is a co-founder of VC funded media company B5Media and founder of news site The Inquisitr, and was a senior writer at TechCrunch in its earlier days.