Breaking: MtGox Founder Mark Karpeles Found Guilty. Sentenced to 2.5 Years in Prision

Mark Karpelès, Chief Executive Officer of the defunct bitcoin exchange MtGox, has been sentenced by a Japanese court to two years and six months in prison after concluding the trial against him for the infamous MtGox scandal.

Mark Karpeles. CEO Mt.Gox. courtesy: Daily Dot

The CEO of Mt. Gox claimed throughout the entire trial that he was completely innocent. With this sentence, his image is left partially clean as the court only found him guilty of tampering with records by the Tokyo District Court.

The court found him not guilty of the remaining charges which could bring his sentence up to ten years. The panel of judges determined that Karpeles had not committed embezzlement or violated the Company law.

The outcome of the trial is a victory for Karpeles on a personal level; however, it does not mean that the story is over. The proceedings related to MtGox’s bankruptcy continue regardless of the fate of its CEO.

According to the Financial Times, Mark…

Read Full Story : Ethereum World News

2019-03-15 03:25:20

Jose Antonio Lanz

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