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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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NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

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NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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