Mt. Gox’s Karpeles: Embezzled Funds ‘Spent on Prostitutes’
Shamed Mt. Gox former CEO Mark Karpeles allegedly used suspected embezzled funds to pay for prostitutes, new reports claim. Citing Japanese newspaper Yomiuri, local news publication Astrowani writes that Karpeles “spent an unspecified sum on prostitutes.” Another agency citing police makes reference to “several women whom he met at venues that offer sexual services.” Mt. Gox bitcoin CEO Mark Karpeles re-arrested on charges of embezzlement. The embattled ex-CEO is currently being held by Japanese police after it was alleged that he wired 20 million Yen (US$166,000) of Mt. Gox funds to his....
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Today, Tokyo police re-arrested former Mt. Gox CEO Mark Karpeles for the embezzlement of $166,000 worth of U. S. funds, according to local Japanese newspaper Yomiuri. Karpeles is currently in custody for fraud and money-laundering allegations and will be held by Japanese police for further interrogation. Over the past two months, the Karpeles investigation has developed into a national scandal, involving the Japanese government and various law enforcement agencies, due to the inaccurate reporting from both international and Japanese media networks including Yomiuri and MSN. Since the....
The true personality of Mark Karpeles, Chief Executive of the now-defunct Mt. Gox bitcoin exchange, is finally coming into the spotlight. So who was this financial genius under whose leadership Mt. Gox rose to astronomical levels before it lost a reported $500 million in bitcoin? According to Roger Ver, who worked with Karpeles during one of the company’s security breaches: “He wasn’t ever focused on Mt. Gox like he should have been.” Karpeles acquired Mt. Gox in March 2011 from founder Jeb McCaleb. Within three months after changing hands, Mt Gox’s user base ballooned from 3,000 to 50,000....
October 28, 2015, Former Mt Gox CEO Mark Karpeles was re-arrested for suspicious activity involved with moving embezzled funds to his personal accounts. Japanese media reports again the new arrest of the infamous “Magical Tux” as the “CEO of Bitcoin” and supposedly he had quite the run with Prostitutes during his last release time. Tokyo Police arrested Karpeles for moving USD $1 Million in Yen to his bank account a few months ago leading to the 30-year old’s first arrest. The media in Japan went wild as they recorded the Gox CEO covering his face and some called him the person “in charge”....
The story of Mt. Gox is getting murkier; reports in Japanese media suggest that the disgraced Bitcoin exchange Mt. Gox's CEO, Mark Karpeles, could have used the embezzled funds on sex workers. As per a report in The Japan Times, the erstwhile CEO was facing fresh charges while Jiji Press, another news outlet, citing the police, said that he used the funds on "several women whom he met at venues that offer sexual services." Mt. Gox was based in Tokyo and was shut down last year after it acknowledged that 850,000 Bitcoin, worth around $480 million at that time, had disappeared from its....
Mt Gox CEO Mark Karpeles has been released on bail 10 months after being charged with embezzlement, according to a Japanese media report. Karpeles was charged in September amidst an investigation into the collapse of Mt Gox, the now-defunct bitcoin exchange that, at its height was the most voluminous bitcoin exchange in the world. Mt Gox collapsed in early 2014 after it was revealed that the exchange had lost hundreds of millions of dollars in customer bitcoin. According to local Japanese media outlet news24, Karpeles paid ¥10m (roughly $95k) prior to being released on bail. Karpeles is....