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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 :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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