Japanese prosecutors are seeking a 10-year sentence for Mark Karpeles, the former chief executive officer of now-bankrupt bitcoin exchange Mt. Gox.
From The Mainichi on Wednesday, prosecutors claimed at the Tokyo District Court that Karpeles used customers' funds for his own personal use.
He reportedly transferred 341 million yen of customers' money kept in an Mt. Gox bank account to his personal account during September-December 2013, according to a court indictment.
They cash, they said, was taken for uses such as "Investing in a software development business for personal interest."
Karpeles is also accused of manipulating the data on Mt. Gox's trading system to fabricate the balance and playing a great role in "Totally destroying the confidence of bitcoin users."
In the court to the charges of embezzlement and data manipulation, and he also denied such allegations at the time.
In July 2018, creditors had a victory when the court issued.
An order approving a petition to begin civil rehabilitation.
Last month, the trustee of Mt. Gox, Nobuaki Kobayashi was seeking.
To extend the deadline for filing civil rehabilitation claims to December from the earlier deadline of October.
10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles
gepubliceerd op Dec 12, 2018
by Coindesk | gepubliceerd op Coinage
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