09-14-2015, 08:40 AM
Sat Sep 12, 2015 | 12:20 AM EDT
TOKYO (Reuters) -
Japanese prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing $2.7 million of clients' money, media reported.
The French-born Karpeles, 30, was arrested
last month in connection with the
disappearance of hundreds of millions of
dollars worth of the virtual currency.
The charges, which were filed on Friday, said
Karpeles embezzled total 321 million yen ($2.66 million) by transferring clients' funds deposited at Mt.Gox's bank account to other accounts, Jiji reported.
The prosecutors' office was not available for
comment.
The money was spent on buying computer
software development rights and an expensive
custom-built bed, Jiji said, quoting sources
familiar with the matter.
Karpeles was suspected of falsifying data on
the outstanding balance of the exchange, at
one point the world's largest hub for trading the digital currency, Japanese media reported at the time of his arrest.
Karpeles has denied the charges, telling investigators the data falsification was done for the company and he had intended to pay back the money, Yomiuri reported Saturday, citing sources involved in the investigation.
(Reporting by Taiga Uranaka; Editing by Kim
Coghill)
TOKYO (Reuters) -
Japanese prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing $2.7 million of clients' money, media reported.
The French-born Karpeles, 30, was arrested
last month in connection with the
disappearance of hundreds of millions of
dollars worth of the virtual currency.
The charges, which were filed on Friday, said
Karpeles embezzled total 321 million yen ($2.66 million) by transferring clients' funds deposited at Mt.Gox's bank account to other accounts, Jiji reported.
The prosecutors' office was not available for
comment.
The money was spent on buying computer
software development rights and an expensive
custom-built bed, Jiji said, quoting sources
familiar with the matter.
Karpeles was suspected of falsifying data on
the outstanding balance of the exchange, at
one point the world's largest hub for trading the digital currency, Japanese media reported at the time of his arrest.
Karpeles has denied the charges, telling investigators the data falsification was done for the company and he had intended to pay back the money, Yomiuri reported Saturday, citing sources involved in the investigation.
(Reporting by Taiga Uranaka; Editing by Kim
Coghill)
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