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Topic: Mark Karpelès : Bitcoin Embezzlement Verdict on Friday - page 2. (Read 376 times)

legendary
Activity: 2968
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It should not be the only punshment for him. Serving only a prison term is something the white collar criminals would be happy about as their business operations are simply not stopped from that point to top ot all chances are he won't be serving all 10 years in prison because of parole.

I get the impression parole is a pretty rare occurrence. It's certainly nowhere near automatic like it is in other places.

I find it strange that such an advanced country has a legal system that seems so unfit for purpose. A 99% conviction rate and no juries does not sound reassuring to those in search of actual justice.

Yeah, this isn't going to be an easy parole system. I think, even with all the objective view (this is supposed to be a court of law after all), this case was a watershed moment for Bitcoin in Japan. In their society and with their value system, this was a particularly low kind of dishonour, and the shame they felt after Mt Gox will still sting. As unfair and unjust as the system may be (my own country abolished the jury system in the 1990s so I think I know how that foes), I'm sure there's still a system and Japan is as fair as it gets.

Ranked 15th globally on the Rule of Law Index, and even higher score in criminal and civil justice). There are flaws with the jury system too, I mean, had they been one, I'm inclined to think Karpeles would have had it worse.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
It should not be the only punshment for him. Serving only a prison term is something the white collar criminals would be happy about as their business operations are simply not stopped from that point to top ot all chances are he won't be serving all 10 years in prison because of parole.

I get the impression parole is a pretty rare occurrence. It's certainly nowhere near automatic like it is in other places.

I find it strange that such an advanced country has a legal system that seems so unfit for purpose. A 99% conviction rate and no juries does not sound reassuring to those in search of actual justice.
hero member
Activity: 1806
Merit: 672
It should not be the only punshment for him. Serving only a prison term is something the white collar criminals would be happy about as their business operations are simply not stopped from that point to top ot all chances are he won't be serving all 10 years in prison because of parole. The best thing the government should do is to permanently ban him from doing any kind of business in their country so that his power to enter the market would be entirely gone. If that happens even though he moves out of another country to create a business his reputation will quickly follow him.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Whatever the outcome, and considering Japan's fondness for convicting people runs at 99% it's a given, it's far from the end of the Gox saga. I'm sure there's plenty more intrigue to come and none of the victims have seen a penny yet. I'm enjoying seeing the law slowly catch up with all the pricks who thought they were immune because it's 'on the internet'.

hero member
Activity: 658
Merit: 851
Mark Karpelès Faces Bitcoin Embezzlement Verdict on Friday, Faces 10 Years in Prison

https://www.ccn.com/mark-karpeles-bitcoin-embezzlement-verdict-friday-10-years-prison

Mark Karpelès, the disgraced former CEO of defunct bitcoin exchange Mt. Gox, faces ten years in prison as a Tokyo court prepares to hand down a verdict on embezzlement charges this Friday.

Karpelès is accused of syphoning $3 million of client money to his own accounts and faking exchange data. The 33-year-old maintains his innocence on all counts.

If convicted, it will be an explosive end to the Mt. Gox saga. Bitcoin’s most notorious exchange lost 850,000 bitcoins (worth $500 million) and filed for bankruptcy in 2014. The collapse of the world’s largest crypto exchange at the time caused the price of bitcoin to plummet into a long crypto winter.
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