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Topic: Today, Mark Karpeles learns how to spell "EMBEZZLEMENT" - page 2. (Read 1646 times)

hero member
Activity: 798
Merit: 1000
Move On !!!!!!
When is he going to dump all his coins..lo1

Well I hope he won't have an acces to the computer and an Internet connection in the jail! Smiley

On the serious note, I am sure he will get some serious time. Japan is not joking with prison times. When you screw up over there, you will pay, just like in the US.

He does deserve all that is coming to him. Incompetent and crook at the same time. What a combination!
hero member
Activity: 672
Merit: 500
He pumped Bitcoin to $1000+ by doing fake trades and bitcoiners still hate him? Weird people...

Let's not forget he allegedly stole thousands of bitcoin and hid them, gox users lost millions because of him. He deserves his time in jail until he returns the money.
legendary
Activity: 1092
Merit: 1001
He pumped Bitcoin to $1000+ by doing fake trades and bitcoiners still hate him? Weird people...
Well... almost all Mt.Gox users never got their btc or fiat out. Some btc users were entirely wiped out.
When things like that happen in the "real" world, people usually jump off buildings.
legendary
Activity: 2142
Merit: 1010
Newbie
He pumped Bitcoin to $1000+ by doing fake trades and bitcoiners still hate him? Weird people...
full member
Activity: 196
Merit: 100
Hopefully he'll have a blast in prison.
sr. member
Activity: 336
Merit: 251
Anybody have any idea about what kind of punishment he could face if found guilty on those charges?


If you really want to know then here's what looks like their penal code - http://www.cas.go.jp/jp/seisaku/hourei/data/PC.pdf

The following is from the document you posted, not sure they will all apply though, just posting here for interest....

Quote
Article 252. (Embezzlement)
(1) A person who embezzles property in his/her possession which belongs to another, shall be punished by imprisonment with work for not more than 5 years.
(2) The same shall apply to a person who embezzles his/her own property when the person has been ordered by a public office to hold the property in custody

Quote
Article 235. (Theft)
A person who steals the property of another commits the crime of theft and shall be punished by imprisonment with work for not more than 10 years or a fine of not more than 500,000 yen.

Quote
Article 246-2. (Computer Fraud)
In addition to the provisions of Article 246, a person who obtains or causes another to obtain a profit by creating a false electromagnetic record relating to acquisition, loss or alteration of property rights by inputting false data or giving unauthorized commands to a computer utilized for the business of another, or by putting a false electromagnetic record relating to acquisition, loss or alteration of property rights into use for the administration of the matters of another shall be punished by imprisonment with work for not more than 10 years.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

Was actually just looking for a 'ballpark' idea of what he was facing but thanks, will see if I find anything in there but guess the final punishment decided on will in large depend on the particular circumstances.


Random googling shows up a couple of results that say you can't get more than ten years for theft. No idea whether that's true or not and I'm not sure what his exact formal charge will be.

I wonder whether being in jail will actually register in his autistic mind.
sr. member
Activity: 336
Merit: 251
Anybody have any idea about what kind of punishment he could face if found guilty on those charges?


If you really want to know then here's what looks like their penal code - http://www.cas.go.jp/jp/seisaku/hourei/data/PC.pdf

Was actually just looking for a 'ballpark' idea of what he was facing but thanks, will see if I find anything in there but guess the final punishment decided on will in large depend on the particular circumstances.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Anybody have any idea about what kind of punishment he could face if found guilty on those charges?


If you really want to know then here's what looks like their penal code - http://www.cas.go.jp/jp/seisaku/hourei/data/PC.pdf
legendary
Activity: 1540
Merit: 1000
I know that they've been taking their time with this, but you've gotta have respect for the Japanese, at least they're actually doing something about him, because most government employees in other countries barely even touch a computer anyone else would just ignore it and hope it goes away.
vip
Activity: 1428
Merit: 1145
Anybody have any idea about what kind of punishment he could face if found guilty on those charges?


Well, if they let him out of jail on bail like when he was changed in France for another crime but skipped outta the continent, he may very well skip to another continent and be sentenced in absentia, once again, thus that'll be his punishment. He'll be forced to live off the ONLY hundreds of millions of dollars worth of bitcoins that's still unaccounted for. HAHAHA Take that, Mark Karpeles! You'll forever live in misery.
sr. member
Activity: 336
Merit: 251
Anybody have any idea about what kind of punishment he could face if found guilty on those charges?
legendary
Activity: 938
Merit: 1000
When is he going to dump all his coins..lo1
vip
Activity: 1428
Merit: 1145
Japan charges Bitcoin exchange CEO with embezzlement

Quote
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.

The indictment of France-born Mark Karpeles, 30, comes after he was taken into police custody in Tokyo last month over the affair. He remained in custody Friday but has the option of petitioning the court for release pending trial.

The charges are tied to allegations that Karpeles falsified data while another relates to claims he pocketed millions of dollars of Bitcoin deposits.

He has been held without formal charge for six weeks, as allowed under Japanese law.

The rest found at http://news.yahoo.com/japan-charges-bitcoin-exchange-ceo-embezzlement-jiji-press-041756154.html
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