Mt. Gox's Mark Karpeles Spent Money On Prostitutes, Faces New Charges
New embezzlement charges have been filed against Mark Karpeles for moving $20 million worth of yen in client money to his bank account and spending an unspecified sum on prostitutes, reported Astro Awani in Malaysia. Karpeles already faces fraud charges for the disappearance of hundreds of millions of dollars worth of the virtual currency from Mt. Gox, the now defunct Tokyo-based exchange. Citing Yomiuri, a Japanese newspaper, Astro Awani reported Karpeles spent an unspecified sum on prostitutes while the Jiji Press news agency in Japan said the charges involve "several women whom he met....
Related News
Mark Karpeles faced fresh embezzlement charges Wednesday as Japanese media claimed some of Mt Gox's stolen funds were spent on prostitutes. But, who cares? Is there anything all that unique about a successful man spending some of that hard-earned money (or in this case hard-stolen) on a good bang? Research shows the answer is 'not really.'. First, the charges. Tokyo police arrested France-born Mark Karpeles for moving 20 million yen ($166,000) in client money to his own bank account amid fraud allegations regarding the loss of hundreds of millions of dollars worth of Bitcoin. According to....
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....
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....
Japanese news reports that Mark Karpeles, the infamous CEO of Mt Gox, was released on bail yesterday. The video from News24 Japan says Karpeles was let out after being imprisoned for a year and he was released on a $100,000 bail. Mark Karpeles Posts Bail and Weighs a Lot Less. Mark Karpeles was arrested last year by Japanese authorities for being....
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....