Bitcoin CEO spent embezzled funds on prostitutes: reports

Phoney money for phoney relationship.

What else do you do with embezzled money?

Looking at the fellow I can see why he needed to pay for it.

Swindler needs locking up.

NO way! Im flabbergasted! I thought he would use it for Rizap.

What else do you do with embezzled money?

Build an Apocalypse Survival Fortress.Do the jail time for a few years while civilization slowly crumbles. Upon release from prison, waltz into your bunker and watch the world burn. After the End, start a cult and have a harem of slave girls. And spread your DNA to the 4 directions. That's what I would do. If I were a sociopath.

I'm shocked...

As I commented last time this chap was arrested (or perhaps it was the time before that - I'm losing count), if nothing else, this case highlights the way that the Japanese police work. They are not in a hurry to arraign him, all they have to do is chip away bit-by-bit and build their case piece-by-piece. Given how long they have been working on this guy, they probably have more than enough ammunition to keep him in remand for the next five or ten years, without him being formally charged and go in front of a court. No wonder Amesty and certain other groups are critical of the criminal justice system in this country, and no wonder that the conviction rate is so high. All the police have to do is shove him in hole and periodically interogate him to get additional tidbits of information (which form the basis of additional periods of detention).

On a somewhat different tact, given the "evidence" and "supposition" reported on so far, I'm inclined to believe that some of the mud will stick. Then again, whether or not he gets his date in court is immaterial, perhaps it is just cheaper for the state to keep him permanently on remand. No expensive legal fees and all that.

Bitcoin CEO spent embezzled funds on prostitutes

How would people know? Did shares in Viagra go up or something?

Build an Apocalypse Survival Fortress.Do the jail time for a few years while civilization slowly crumbles. Upon release from prison, waltz into your bunker and watch the world burn. After the End, start a cult and have a harem of slave girls. And spread your DNA to the 4 directions. That's what I would do. If I were a sociopath.

A health career writing manga awaits you...

I know I shouldn't say this but I can't help smiling to myself about all the "juicy" news in today's JT... At least this guy paid prostitutes instead of trying to "get it for free" by sawing a big hole in the floor...

Now that's a good investment.

Well at least it wasn't all wasted.

Karpeles’ new arrest mean authorities can detain him for another several weeks, giving them further time to grill him over MtGox’s demise.

Grill him? Probably torture him. He'll confess.

Now that's a good investment. porn hookers boats cars homes etc, anything like that is a good investment when its other peoples money!

I got a new name for a magazine

"Digi-money and whores".... Do you think it would sell??

Not saying that he's innocent but he was charged and arrested just because the Yomiuri newspaper said that he spent an unspecified sum on prostitutes? No evidence?

I hope this fish Karpeles does some hard time in the slammer. Seems like a real weasel.

haha moron, go to jail and rot you wannabe idiot.

After the End, start a cult and have a harem of slave girls. And spread your DNA to the 4 directions. That's what I would do. If I were a sociopath. I think youve watched Mad Max one too many times!?

Look... the Yakuza are all over any nefarious way to scam money from below the radar institutions in Japan. A lot of you are thinking.... yeah, blame it on the Yak's, but I've seen what they can do. Think! Here is pretty much one guy in control of almost a Billion dollars in cyber coins and he's living in Tokyo right under their noses. Believe me, its too much for them to pass up. My money says the Yaks strong armed him and took the coins. Also.... one of the Yaks main ways to get these company execs in their control is to wine, dine, and get these guys laid. At first everything is great, they pay for everything. But after a few months they turn and make demands. This has all the earmarkings of a Yak hit....

Too bad that HE was unable to ''turn a trick''. You know, somehow make those bitcoins reappear.

this guy wanted to be like Kim Schmitz / Kim Dotcom but didn't even come close ...he didn't have nearly as big an empire, didn't steal nearly as much money or get nearly as rich.

on the other had he was almost as creepy but not nearly as annoying or fat but did have to take a lot of money from other people because he needed a LOT of cash in order to be able to pay women to get near him.

Lucky guy and his family, now he has his name dragged through the mud before a trial date is set. Does he still love Japan more than France?