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Mt.Gox CEO Charged With embezzlement

Monday September 14,2015 : MT.GOX BITCOIN EXCHANGE CEO CHARGED (Update)

Charged with embezzlement.

Now defunct bitcoin exchange Mt.Gox’s chief executive officer Mark Karpeles has been rearrested and charged with embezzling GBP 1.7 million worth of bitcoin from the collapsed bitcoin exchange by Japanese authorities.

On his arrest earlier this year, it was reported that the alleged fraud led to the collapse of the exchange and damage to the credibility of Bitcoin as a virtual currency.
A spokesman for the Tokyo Police said at the time that the French-born Karpelès was suspected of manipulating data on the exchange's computer system in 2013 to artificially create about $1 million.
At the same time local police were investigating Karpeles' possible involvement in the 2014 disappearance of nearly $390 million worth of the virtual currency, at current exchange rates.
Mt.Gox once claimed it handled around 80 percent of global Bitcoin transactions, but the entity filed for bankruptcy protection soon after the reports of missing Bitcoins. The company admitted that it had lost 850,000 coins worth 48 billion yen at the time of the disappearance.
Karpeles later claimed he had found some 200,000 of the lost Bitcoins in a "cold wallet" -- a storage device such as a memory stick that is not connected to other computers.

Karpeles denies claims that he manipulated account balances while running the Tokyo-based company saying he was “just a victim”.

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Gambling News :

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NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

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Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

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2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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