Judge Orders Mark Karpeles to Submit to Questioning in US
Mark Karpeles, the CEO of troubled Japan-based bitcoin exchange Mt. Gox, must travel to Dallas, Texas, this month to take part in his formal deposition, a form of sworn testimony that will lay the groundwork for his future defense. Karpeles had previously suggested that the deposition take place in Taipei, Taiwan, though this motion was strongly opposed by lawyers representing US-based former exchange users. Further, Karpeles will have compelling reason to make the trip, as the judge suggested that the journey will be necessary if he wants an extension of the company's bankruptcy....
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Despite the fact that a bankruptcy Judge in Texas ordered disgraced Mt. Gox CEO Mark Karpeles to the United States for questioning, it would not surprisingly appear as if Karpeles is unable to make it here. Judge Stacey Jernigan demanded Karpeles appear if the company wanted bankruptcy protection, but Karpeles' lawyers cited a FinCEN (Financial Crimes Enforcement Network) subpoena as the reason for the no-show. That subpoena called for Karpeles to show up in Washington, D. C. on Friday to testify. "Mr. Karpeles is now in the process of obtaining counsel to represent him with respect to the....
Mt. Gox CEO Mark Karpeles refuses to travel to the U. S. for questioning. Plaintiffs find this unacceptable, after they offered to pay all travel expenses. Mark Karpeles must be one of the most talked about people in the world of Bitcoin. Normally, one would be happy to be a trending topic but in Karpeles' case, I highly doubt that's the case. The Mt. Gox CEO is held responsible for all the bankruptcy of his exchange and has several lawsuits waiting. Today, news came out Karpeles is refusing to travel to the United States for questioning, after creditors of the failed exchange were trying....
Mark Karpeles, CEO of bankrupt Japan-based bitcoin exchange Mt. Gox, has filed an emergency motion stating that he needs more time before choosing whether to appear for formal questioning in the US. The development finds Karpeles attempting to push back this decision until 5th May so that his legal team can "get up to speed" on a recent subpoena issued by the US Treasury department. While a seemingly small filing, the Mt. Gox case could change dramatically depending on whether Karpeles agrees to be deposed in the US. That's because US Bankruptcy Judge Stacey Jernigan ordered Karpeles to....
United States Bankruptcy Judge Stacey Jernigan has ordered that Mt. Gox CEO Mark Karpeles appear in Dallas, Texas at the offices of Baker & McKenzie, the firm that represents his company here in the States for a deposition, Reuters reports. Karpeles has been ordered to appear on April 17th. The move comes following a Chapter 15 bankruptcy protection filing in Texas last month, in which the company sought protection from creditors in the United States. "If he avails himself of this court, my God, he is going to get himself over here," the Judge was quoted as saying. By nature of the Chapter....
Judge orders Karpeles to US for hearing. Mark Karpeles, the former boss of Mt gox, was informed today that if he wants to avail of bankruptcy protection, he must travel to Dallas and take part in his formal deposition. Karpeles, who is French born and lives in Tokyo, had hoped that his suggestion of a video-linked deposition would be acceptable, enabling him to get an extension of his bankruptcy protection in the US. Judge Stacey Jernigan, has stated, as reported by Reuters, that this would not be acceptable to the court. Reuters today reported the Judge as saying: "If he avails himself of....