Former Mt. Gox head Mark Karpeles found guilty in Japanese court

15 Mar, 2019
by David Borman
Breaking News
Former Mt. Gox head Mark Karpeles found guilty in Japanese court

It was just announced that the former head of the now defunct Mt. Gox exchange, Mark Karpeles, has been found guilty by a Japanese court. Details are still scarce but it seems Karpeles has been sentenced to 2.5 years in prison.

It appears Karpeles was found guilty of illegal production of electronic records, which is what netted him 2 years and six months. However there is word that the sentence may be "suspended," and there's a chance he may not have to spend any time in prison.

Karpeles was also found not guilty on two other charges, embezzlement and aggravated breach of trust. It is unclear what kind of sentence those charges would have brought.

If any new information comes out concerning this case, you can be sure Chepicap will be here to update!

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Read more about: Mt. Gox Japan


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