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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Founder of Bitcoin exchange MtGox charged with embezzlement

By cpowell
Created 2015-09-12 13:58

From Agence France-Presse
via The Telegraph, London
Friday, September 11, 2015

Japanese prosecutors have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds of millions of dollars' worth of the virtual currency.

The indictment of France-born Mark Karpeles, 30, comes after he was taken into police custody in Tokyo last month over the affair. He remained in custody on Friday but has the option of petitioning the court for release pending trial.

The charges are tied to allegations that Mr Karpeles falsified data, while another relates to claims he pocketed millions of dollars of Bitcoin deposits.

He has been held without formal charge for six weeks, as allowed under Japanese law. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/currency/11858865/Founder-of-Bitcoin-... [1]



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