Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement9.27

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software development business.

Also read: Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering

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https://news.bitcoin.com/former-mt-gox-ceo-could-face-10-years-in-jail-over-embezzlement/

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