MtGox founder gets suspended sentence for data tampering: acquitted of embezzlement

When you invest in something, ask yourself, who are you giving your money to, and do you really trust them with it ?

If not, I'll gladly take it from you and invest it for you... for a fee.

Of course he did the theft. You have employee accounts of the guy spending company (ie investors & customers) money to cover his extravagant rent, furnishings and other frivolous expenditures - so then all of a sudden when the customers accounts are hacked, but not his, he suddenly is to be believed he's not a scammer or thief? Yea, ok...

Just hope he doesn't go too ostentatious too early. That look is never good.

Seems like the right decision.

Perhaps, I was a little confused. Hope he can keep the weight down after being released!

Personally, I believe he actually did the theft. The reason being that he was skimming a few coins off over the course of years.

I believe he used this as a way to finance his lifestyle. You simply don't find an external wallet with the missing coins unless you are either responsible or you know of the person that is responsible.

Did one man really destroy the entire belief in the investment market in Japan? I don't think so at all. There have been far worst cases in Japan that have accounted for much higher loss.

@DeadforgoodToday  12:35 pm JST

DId you see the pic they posted of him yesterday? Looks like he put on about 30 kilos!

Likely the other way around no...

Educator60 you are correct. He lost the weight while in detention. I remember him fat when he was arrested

JenniSchiebel

I always debate our Judicial system and the powers that be, not just for rich individuals, for all people. The powers that be connected to the Keinandren and other lobbyist groups have an agenda, foremore also if it is foreigner related they worry about the image abroad.

Karpeles is guilty as sin, it was a clear ponzi scheme, lets say hypothetical his lawyers claim of being 'hacked' was true, wouldnt the cyber crime division or similar agencies, track the trail of the hackers? if they can track stolen credit card information and other strange things online, why could they not track these so called hackers.. it is just lies..

The odds were stacked against Karpeles as the vast majority of cases that come to trial in Japan end in a conviction.

And he was convicted!

DId you see the pic they posted of him yesterday? Looks like he put on about 30 kilos!

Enjoy other people's money. Party time!

the odds were stacked against Karpeles but he escaped with a light sentence. A real miracle

This kind of sentence is the best that Ghosn can hope

He was charged with it. But he was acquitted.

I am assuming @Madden probably meant "convicted" when writing that.

The Tokyo District Court suspended the sentence for four years.

So, here is an interesting question. He was sentenced to 2 1/2 years in jail but suspended the sentence for four years.

So.... did the court, in suspending his sentence, require that he remain in Japan for the next 4 years?? I mean, how is this supposed to work? Nothing about this in the article.

Also, you have to imagine the prosecutors are going to appeal this result.

It is a flawed Judicial system, they let him free because they are worried about their image abroad, he stole the bit coins clear and simple, no hack and nothing, its a PONZI scheme

Japan, where justice is convoluted and a suspended sentance the best option over embarrassing anyone.

Madden Today  11:44 am JST

how the hell was he not charged with embezzlement?

He was charged with it. But he was acquitted.

Second paragraph in the article.

Outrageous, I remember hearing reports about employees at the firm saying that Karpeles was wasting money left right and center on personal purchases, how the hell was he not charged with embezzlement?

They caught the guy a Russian in Cyprus who hacked mtgox.

I speculate that the Yakuza infiltrated Mt.Gox and stole the BitCoins. Often when the "real culprits" are not found in Japan, it usually turns out to be Yakuza related.