Title: Karpeles ordered to the US in order to defend Bankruptcy Post by: nikkisnowe on April 01, 2014, 10:57:51 PM http://mobile.reuters.com/article/idUSL1N0MT1X220140401?irpc=932
Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: El Dude on April 01, 2014, 10:59:13 PM why is this guy not in jail yet ?
Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: nikkisnowe on April 01, 2014, 11:03:05 PM If he sets foot in the US, he subjects himself to US personal jurisdiction and he very well may be in jail shortly after that.
Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: CompNsci on April 03, 2014, 03:56:32 AM Sounds like the judge is not anxious to grant them bankruptcy protection unless he shows up for deposition. Would be nice to finally hear some answers under oath from MK.
Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: zero3112 on April 03, 2014, 04:44:19 AM Sounds like the judge is not anxious to grant them bankruptcy protection unless he shows up for deposition. Would be nice to finally hear some answers under oath from MK. I thought Mtgox was already granted bankruptcy protection. Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: Nagle on April 03, 2014, 05:22:47 PM Sounds like the judge is not anxious to grant them bankruptcy protection unless he shows up for deposition. Would be nice to finally hear some answers under oath from MK. I thought Mtgox was already granted bankruptcy protection.With a lot of creditors in the US, probably more than in Japan, the US case is important. The US doesn't have to give them debtor-in-possession treatment. Especially if fraud is suspected. The US judge can put in a trustee, to oversee any US assets and deal with the court in Japan. Read "When the Bankruptcy Trustee Suspects Fraud" (http://www.nolo.com/legal-encyclopedia/bankruptcy-trustee-suspects-fraud.html). The trustee can file lawsuits against any related party (like Mark Karpeles) and ask for criminal prosecutions. This is the position Mt. Gox is in: they're trying to convince judges that somehow, half a billion dollars entrusted to them are missing, they don't know where it went, but it's not their fault. That's not likely to convince any judge. Especially with petitions on the record demonstrating that it's probably false. Title: Re: Karpeles ordered to the US in order to defend Bankruptcy Post by: bryant.coleman on April 05, 2014, 05:02:54 PM why is this guy not in jail yet ? Because he has bribed all the politicians and bureaucrats. |