CEO of Mt Gox May Be Arrested Again for $2.6M Theft from Customer Fund – Bitcoints

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Published on August 20th, 2015 | by bitcoin

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CEO of Mt Gox May Be Arrested Again for $2.6M Theft from Customer Fund

CEO of Mt Gox May Be Arrested Again for $2.6M Theft from Customer FundThe CEO of bankrupt bitcoin exchange Mt Gox may face fresh embezzlement charges from Japanese police tomorrow, reports claim.
New allegations, reported by the Yomiuri newspaper, claim the 30-year-old embezzled ¥3.21bn or $2.6m-worth of customer deposits to support other personal projects, including a 3D software company.
If enforced, these will reset the clock on how long the Tokyo Metropolitan Police can hold Karpeles, giving him up to another 21 days in custody.
Mt Gox was once responsible for 80% of bitcoin trading volume, however it has been rocked by scandal following its closure.
At the time of the company’s insolvenc, as much as 744,400 BTC (then worth $340m) was reported missing.

Source: Www.coindesk.com

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