How is it that nobody has uncovered this before?
It's called "bistandard effect" https://en.wikipedia.org/wiki/Bystander_effect
If Karpeles does have a history of committing fraud, it doesn't necessarily mean that he did anything wrong legally or morally with Mt. Gox's Bitcoins. Funny, I thought cause & effect was pretty much cut & dry.
This is information that we should've had ages ago. I can't believe he was able to hide this from the public.
Just look for Bruce Wagner in this forum, or pirateat40.
Wagner was primarily uncovered by the SomethingAwful goons IIRC. He recieved quite a bit of support from Bitcoiners (including some from myself to my shame and horror) during the outing process. As for pirate@40, I don't think there was much to uncover. Pretty much everyone (including a lot of the participants) knew it was a Ponzi and were just waiting to seen when it would fold.
We scared the SomethingAwful goons away by making shit-loads of money while they could only sit around and watch and wish they had done the same. It became progressively harder, and less fun, to try to make the case that Bitcoiners were idiots and they as we made a ton of money while they sat around getting raped by the absurd fees to join in their little club. Their ignominious retreat left a significant void in the community (except for a few of the smarter ones who jumped on-board for some profits) since they had the motivation to research things and we for the most part did not.
IIRC, the goons made it as far as tracking Krapholes movements between Israel and France, but they didn't uncover the prior fraudulent activities. I was paying specific attention to it at the time.
