The court CEO's notorious Mt.Gox Mark Karpeles is about to end. Why wait?
Source:
Born in France on trial in Tokyo. The case involves charges of embezzlement of about 3.1 million US dollars and fraud in the management of the infamous exchange Mt. Gox. Former CEO of the now closed exchange in the last word at the conclusion of the proceedings insisted on his innocence. The trial, held in Tokyo district court that began in back in July of last year. The sentencing is scheduled for March 15, 2019.
Karpeles apologized for failing to prevent the loss of 850 , which ultimately led to the closure of the biggest Bitcoin exchange in the world. However, the apology is now unlikely to affect his fate, as the charges he exposed not for the loss of bitcoins, and for improper handling of client funds.
theto Mark Karpeles looking at 10 years?
At this stage, there are suggestions that the former CEO of Mt. Gox could face up to 10 years in prison for embezzlement. According to reports the CCN, it was such a period, want to achieve the Tokyo prosecutors.
Earlier Karpeles insisted that allegedly has them to was really a temporary loan. However, prosecutors are not satisfied with this wording, as it exists only in words – no supporting documents were not presented. In addition, Karpeles tried to argue that the funds in fact was not a client. According to him, it was the income of the exchange. At the same time prosecutors suspect that Karpeles has used the funds to invest in a tech startup, expensive purchases and even hired them prostitutes.
theWill there be compensation?
Source: The New York Times
The Trial comes to an end, and plans to return funds to injured investors is still under development. Recall, at the time of breaking the exchange's Bitcoin price was 480 dollars. After some time in cold storage Karpeles found 200k BTC coins. This would be enough not only on losses to investors, but also to remain a millionaire for life.
In the middle of this year, a Japanese court ruled that the exchange was able to emerge from the status of a bankrupt. In addition, it may not start until the return to the creditors lost the money, but to pay them moral damages in bitcoins, not Fiat. More data to search for .
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