Judge: Karpeles must travel to U. S.
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....
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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....
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....
If he would set foot on American soil, Mt. Gox CEO Mark Karpeles would likely face an immediate arrest. In an article last week, CCN reported on a US judge ordering Mark Karpeles to travel to the United States for hearing if he wanted bankruptcy protection there. This seems unlikely to happen now. Arresting Karpeles. A federal judge ordered Mark Karpeles to appear in Dallas on April 17 to explain how his company was able to lose at least $400 million worth of customer deposits. This seems highly unlikely after having heard some lawyers who are involved in the process. They claim that....
The official statement provided to the press says that Mark Karpeles is “not willing to travel to the U.S.” Bankruptcy Judge Stacey Jernigan set the hearing under oath on Thursday. The questioning will be performed by lawyers of the victims, who have suffered material losses due to frozen accounts. The refusal was initiated by lawyers of Mr. Karpeles, who claimed a conflict in the legal proceedings. Apart from the aforementioned appointment the witness/ accused should stand in front of U.S. Department of Treasury's Financial Crimes Enforcement Network on Friday. The official reply from the....
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....