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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 : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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