CEO of this company spent embezzled funds on prostitutes
The head of collapsed Bitcoin exchange MtGox was facing fresh embezzlement charges
Oct 29, 2015, 12:54 PM ISTJapan charges Bitcoin exchange CEO with embezzlement
Japanese prosecutors said Friday that they have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.
Sep 11, 2015, 12:58 PM ISTBitcoin: Key facts you should know
Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.
Sep 11, 2015, 12:30 PM ISTBitcoin exchange CEO to face new criminal allegations: Media
France-born Mark Karpeles, 30, was taken into custody in Tokyo this month over claims he manipulated data to artificially create about USD 1.0 million worth of the digital money.
Aug 20, 2015, 18:15 PM ISTMtGox Bitcoin CEO 'misused customer funds': Japanese media
Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers` deposits, Japanese media reported Sunday.
Aug 02, 2015, 13:57 PM ISTJapanese police arrest CEO of MtGox Bitcoin exchange
Japanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations lead to its spectacular collapse and hammered the digital currency's reputation.
Aug 01, 2015, 14:33 PM IST