Former Mt. Gox CEO formally charged with embezzlement

Former Mt. Gox CEO officially charged with embezzlement

Mt. Gox is a sordid story seemingly refuses to die. Final we heard, the bitcoin trade’s CEO Mark Karpeles had been arrested by Tokyo police, and a few six weeks later he is been charged with pilfering 321 million yen (round $2.7 million) of former shoppers’ cash in response to Reuters. Apparently he spent it on a customized-constructed mattress and shopping for the rights for pc software program improvement. Why the hole between arrest and now? Nicely, Japan grants that kind of holding even with out formal costs. Because the AFP Newswire tells it, Karpeles continues to be being held by Japanese authorities, however he can petition the courtroom for “launch pending trial.” We’ll have to attend and see if he workouts that proper.

[Image credit: Bloomberg via Getty Images]

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Former Mt. Gox CEO officially charged with embezzlement

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