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Japanese Court Upheld Former Mt Gox CEO's Conviction for Manipulating Data

A Japanese high court upheld the Tokyo-based lower court’s decision to reject the former Mt Gox CEO’s appeal. Mark Karpeles was arrested in 2015 and accused of “manipulating electronic data” and managed to duck embezzlement charges.

The former boss of Mt Gox, Mark Karpeles, now has to face the music for his prior “manipulating electronic data” charges that stem from the Mt Gox investigation. Karpeles was arrested in August 2015 and he claims he didn’t take any money when 850,000 BTC was stolen from the platform.

Last year, the Japanese court decided that Karpeles would not face embezzlement charges, but the manipulation charges held a sentence of two years and six months in prison.

The sentencing was suspended for over four years, but as of Thursday, Karpeles must try again to clear his name. The Tokyo court accused Karpeles of fudging the numbers in order to hide issues from Mt Gox clientele. Read More