Breaking: Failed Bitcoin Exchange Mt. Gox CEO Mark Karpeles Indicted for Embezzlement


Early reports indicate that the Tokyo District Public Prosecutors Office has indicted Mark Karpeles, the CEO of the collapsed bitcoin exchange Mt. Gox, with embezzlement. These formal charges follow months of allegations of fraud, which culminated in Karpele’s arrest by the Tokyo Metropolitan Police.

Karpeles was arrested on August 1st but had not been formally charged until today. Liquidations proceeding for Mt. Gox are ongoing and a report detailing creditors claims of $22 billion against the company was released earlier this week. Mt. Gox filed for bankruptcy in February 2014, citing losses of over 750,000 bitcoin held on behalf of customers.

According to the indictment, Karpeles is charged with embezzling over $50 million from Mt. Gox company accounts. This is a developing story and Bitcoin Magazine will continue to update it as more information becomes available.

Photo via FNNnewsCH/Youtube

wallet_address: ‘1Pagkvzv1EfnoFp6nzpuNEZHWCeyvbJriB’,
currency: ‘bitcoin’,
counter: ‘hide’,
lbl_button: ‘Tip us’,
lbl_count: ‘donations’,
lbl_amount: ‘BTC’,
lbl_address: ‘Use address below to donate. Thanks!’,
qrcode: true,
alignment: ‘bl’,
decimals: 2,
size: “small”,
color: “dark”,
countdownFrom: “20”,
element: “#coinwidget-bitcoin-1Pagkvzv1EfnoFp6nzpuNEZHWCeyvbJriB”,
onShow: function(){},
onHide: function(){}


from Latest Bitcoin News | Crypto News | Mining Reviews – Bitcoins Channel


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s