Monday September 14, 2015

Former Mt. Gox CEO Charged With Embezzlement

Damn, it took them long enough to charge this guy. Now they just need to find out where the rest of the money went.

The French-born Karpeles, 30, was arrested last month in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency. The charges, which were filed on Friday, said Karpeles embezzled total 321 million yen ($2.66 million) by transferring clients' funds deposited at Mt.Gox's bank account to other accounts, Jiji reported.