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Looks like the Jap cops are going to hit him for fraud.  while I don't have a crystal ball, I think that dick deserves it.  Japan should send him to the US where he'd get a real good long sentence and they'd put him in jail right away.  Maybe they could put him in the cell right next to Ross the Pirate.  In Japan, he'll be in the court for 8 years and then he'll only get 5 weeks of light scolding by an angry old lady.  Cakewalk.

http://www.coindesk.com/report-tokyo-police-seeking-fraud-charges-against-mt-gox-ceo/ (http://www.coindesk.com/report-tokyo-police-seeking-fraud-charges-against-mt-gox-ceo/)

I was excited having read the title, thinking Karpeles will finally get jail time. I cannot find an alternate source for this piece of news? I read the article again:

"The Tokyo Metropolitan Police is reportedly pursuing criminal charges against Mark Karpeles"

This is speculation. Karpeles is still enjoying his frappuccino every morning while mixing he coins. Does the Japanese police have enough evidence to charge him for fraud? They need solid evidence to prove he did it, not weak evidence to proof he may have known coins were being stolen but failed to do anything about it.


He is a rich guy, goxed customers are poor.

the article doesn't seem to indicate that the Japanese have enough evidence to arrest him. so don't get your hopes up. I wonder if they'll ever arrest him without having him withdraw the stolen coins.

Anyone ignorant enough to leave coins there after the June 2011 "Hack" deserves no sympathy.



~BCX~

Hehh white Collar crime is only a few years in prison and its quite possible the BTC are (allegedly) stashed somewhere safe.

It can quite possibly be impossible for authorities to reclaim them.

I hope the culprit get what he deserve but people seem to be getting away with BTC crimes pretty easily...

True. When I was new to Bitcoin in 2013, I found it suspicious, that BTC price was higher on MtGox than on other sites. I registered, but I never deposited for that reason.

I never deposited because I couldn't control the private keys. I've never kept anything more than satoshis on exchanges for that reason. So when it went down it didn't bother me.
However I remember some people who had their life savings on Gox and had to go back to work when they lost everything.

If you read this, you would think Mark would rather want to be charged in the USA --> http://www.bbc.com/news/magazine-20810572  ;D

I quote : " But while the Japanese police and prosecutors are not widely accused of resorting to more aggressive forms of interrogation such as torture, no-one outside the small interview room really knows what happens inside because suspects' interviews take place behind closed doors - without an attorney. "

They have a conviction rate of over 99%, most of which are secured on the back of a confession. What this means is.... They beat the living shit out of you until you confess... Do you think Mark will confess?

Good luck Mark, hope you prepared to whats coming your way.  ::)

He deserves to pay for all that he has done. By the Japanese, or the European or the US, it don't matter but the bastard needs to pay for all the damage he has done to the Bitcoin world and the bitcoin users.
Point blank!

I would like to see that guy behind the bars for at least 20 years. Nothing else he deserves. But I hardly believe any japanese court will do me that favour. Everytime I see that crook I start to boil because of the damage he had caused. >:(

Regarding the many, many coins stolen/compromised what is he (if he allegedly has access to them) going to do with them? He can't ever spend or move them can he? If he does that's all the evidence they need right there to lock him up & throw away the key? It's like having a gold mine under your house but you can't get access to it.

Hopefully people will get their money back and that scammer will be imprisoned
once and for all. I am one of these people, but luckily I had very few btc lost on MTGOX collapse.  :o

Japanese prison is not nice either ...

He may hide some coins and he should be punished. Lots of people lost bitcoin because of him.
                                                                                                                       
                                                                     

Are Bitcoin addresses holding stolen Bitcoins known?

Firstly the addresses holding the stolen coins are at this point still unknown. Secondly, those coins if in his posession will have already been mixed. Thirdly, there is no proof that those coins existed at the time of the hack. It is inferred in the article that they were removed from mtGox a long time ago. Most likely by the 2011 hacker and less likeley embezled by Mark himself.

Dammit, willy!

a fat but rich poor guy i have to add  :P

So the story is he might be arrested soon, but hasn't been arrested yet?

Why would the Japanese police announce he's going to be arrested before arresting him? That would give him the opportunity to flee the country and head for Outer Mongolia, or somewhere else out of their reach.

He must have the money to charter a private plane or helicopter to fly him out unnoticed from some obscure airport.

At last.  I hope that he will rot in prison. (And I didn't even lose anything at gox)

same but i did deposit one btc to sell if afterward in 2013, was my first btc and mtxgox was really huge back then and the most known

but i sold fairly quickly, because i smelled something shady on that exchange

Justice.  It seems that the authorities are not really going after criminals in the crypto world that much.  I wonder if it is because they have no idea what all this stuff is?

Karpeles is not gonna end up in jail, ever. Bitcoin business is too new and too many laws which are present in normal companies are being neglected.
In addition there are too many inaccuracies with new technology and security of customers and assets. Fraudsters are really hard to put in jail in general, as an example you can check time spent in jail by Jordan Belfort. So if you think Karpeles gonna be prosecuted and put in jail, well don't count on it.

Oh - you missed that whole FIFA thing - eh?  US will extradite anyone they damn well please.  They don't give a flying fuck where you did the crime.  If the crime 'touched' American - you'll be in a SuperMax prison before you can shout 'diplomatic immunity!'. 

Finally, some justice for the Mt. Gox scam. How long is he going to be imprisoned for?

wow, finally nice!

i guess we will he free again after some days and after he paid some money. but i will wait for the trial  :)


even Bush has a quote for Mark:

http://izquotes.com/quotes-pictures/quote-this-act-will-not-stand-we-will-find-those-who-did-it-we-will-smoke-them-out-of-their-holes-george-w-bush-386377.jpg

I wonder what's running through his mind right now. He sounds like someone with a fundamental disconnect from the rest of the world. Looks like he's getting connected with it whether he likes it or not.

I think you may be right. Bitcoin is too revolutionary and disruptive that it will take years once it's properly regulated and the forces of order know what to do in any particular case. Right now there are way too many greay areas to operate quickly. If justice is generally slow, with Bitcoin will be a lot slower and tons of people will get away with it.

There was a video of him being arrested, but it was deleted off youtube. I saw it before it got deleted so it is real.

Also, the japanese yahoo article of him being arrested has been deleted.

IDK why it got deleted though, that seems fishy to me.

https://mega.co.nz/#!w0UXyQRB!-9tWj3o3gPtyIwUgcFIGeUz7u_qDnj7Lk2eCguYrU8Q (https://mega.co.nz/#!w0UXyQRB!-9tWj3o3gPtyIwUgcFIGeUz7u_qDnj7Lk2eCguYrU8Q)

is it fake? he was really arrested or no?

Sounds like he was really arrested. There was an article on /r/Bitcoin earlier today stating that the Japanese police were going to arrest him on August 1st, and it looks like they arrested him as planned.

Any verified source? Links? There's alot of spam, but a real source would be nice.


Is this legit? I can't download and watch it.

Here was the source I saw on Reddit.  (http://www.nikkei.com/article/DGXLASDG01H0J_R00C15A8000000/?dg=1) It's in Japanese, but translated it sounds like they arrested him.

Ahh i see. Thanks. Well i guess we can just wait and soon enough such big news will surely hit and we'll hear about it non stop. If it's true anyways.

I'm not against that guy getting what he deserve...

http://sowhatfaith.com/wp-content/uploads/2015/06/come-on-lets-party.jpg

i found it here too:

https://mega.co.nz/#!w0UXyQRB!-9tWj3o3gPtyIwUgcFIGeUz7u_qDnj7Lk2eCguYrU8Q

send him to San Quentin

http://www.wsj.com/articles/japanese-police-arrest-mark-karpeles-of-collapsed-bitcoin-exchange-mt-gox-1438393669

Coinbase fuck faces next hopefully.

Bullshit most ppl are not in BTC from that time!
And next time you trade on some market and that exchange fall I can say the same

confirmed.
http://www.coindesk.com/mt-gox-ceo-mark-karpeles-arrested-in-japan/

without paywall:

http://www.wsj.com/articles/japanese-police-arrest-mark-karpeles-of-collapsed-bitcoin-exchange-mt-gox-1438393669

Karpeles arrest video: 

https://vimeo.com/135111894

I'm happppppppppppyyyyyyyy  :) ;) :D ;D

English video:

http://www3.nhk.or.jp/nhkworld/english/news/20150801_05.html

I'am the only one who find this make no sense ? If he is frensh , and his exchange got hacked (like he claims) what he was doing in Japan for the last four years there then  ??? Why he didn 't just move to somewhere where there is no interpol or something or they didn't let him to move anywhere else ?

They probably took his passport pending the investigation.. It involved millions in potential fraud, I'm sure they wont just let him walk freely..

It is for sure that after hacking Mt Gox there was move of big amounts of bitcoins from MT Gox to another places. I don't think that those amounts are moved without the known of Karpeles. If him has everything in his hands how i was possible this? And how is possible that after the hacking the other's him company continue its activity without problems. It is or not a little responsible Karpeles for the bitcoin lost? Why don't use its bitcoin to pay partially the money lost?

lol it looks like he is really accustomed, to be arrested, he always seems so indifferent, like he was awaiting the sentence or something

it's like he is trolling with anyone...

It was of course becoming high time!  ;D

Yes this is what also amazed me about him, he just doesn't give a f**ck. It's like, I am getting arrested today, so what. He is probably singing in his head, c'est la vie, c'est la vie ! :)

Seems like him don't care about what happened. Make this indifference him guilty? Or don't know or what to do and is delivered to his destiny? Guilty or not he must pay its duty. Even I am a little sorry about him because it was even a little unfortunate.

In the US, a criminal court is decided by the jury. The jury is usually 9 ordinary folks from the general population. Try and explain crypto-currency to regular people like your neighbor, the mailman, the pizza delivery guy, etc. Very few people will understand it. Hell, I've been involved with bitcoins for almost 3 years and I still don't get it 100%.  In the US, to be found guilty of a crime, the entire jury (all 9 people) must agree that the suspect is guilty. If one person decides the suspect is not guilty, then the court will find the suspect not guilty.

I don't know how the criminal justice system is in other countries. I'm fairly certain that in most Asian countries, it's not as difficult to find someone guilty of a crime.

http://www.bbc.co.uk/news/world-asia-33745611

Ha, the filename for the first photo on that page is called _74244159_fart.jpg

Brilliant.

It is still going to be a long time before he is tried, found guilty and convicted.
There could be a lot of twists in this case.

He probably knows that by the time he gets out he will fly off to his private island with a couple 100k of bitcoins..

They should take that fat piece shit's car, have it crushed into a block and chained to his ankle as part of his punishment.

well, that is a bit rough isnt it?

AWESOME!!!!!  ;D ;D ;D

It's on youtube guys!!! Report by CNN!
Watch and celebrate!!!!!!!!

https://www.youtube.com/watch?v=z64IescsTR4 (https://www.youtube.com/watch?v=z64IescsTR4)

Well it depends. I guess there are a lot people who like to do similiar things to him.
In the end I hope he gets what he deserves. I heard japanese prisons can be quite hard.
No speaking allowed the whole day except 15 minutes after having lunch. Hope he gets deported in this special one.Sorry don't know the name of that bastille.The big thick dude between all those crazy Yakuzas! Hope he shits his pans! ;D

I had to see it to believe it ! From what i was reading in op, i thought this is another barking session against M.K. but this time
it seams the justice will be served. Even tho theres still trial to go through, i believe he will serve the time and fine for what
he has done to mt.gox users and bitcoin reputation.

cheers

I noticed that Mark's bitcointalk account  MagicalTux: https://bitcointalk.org/index.php?action=profile;u=2134 (https://bitcointalk.org/index.php?action=profile;u=2134) has been online very recently.

I wonder what that was all about, or whether he has been active all this time?

Maybe he's still getting pm's regarding accounts and claims, and is enjoying in the mess he created.
He was/is active, but he still did not remove the "Exchange bitcoins on mtgox!" from his signature, insane. It just shows how he doesn't even care what he's done.

cheers

Free Mark Karpeles!




lol jkjk let that fat ass die in a cage.

It's a sad state of affairs for an exchange of that stature to have fallen from grace leaving so many out of pocket and a bad impression for those outside of Bitcoin.

I wonder how the price would have fluctuated had there not have been the tampered trading data.

Probably around where it is now.
It does of course, also depend on market manipulators, which is probably why we are not seeing higher prices IMO.

Looking forward to see what he's accused of in the next few days. I bet they have enough for the accusation.

Having stolen the coins or not, one thing is certain: he lost control of thousand of Bitcoins from customers.

Well this was only a matter of time and something most of us suspected. Now my only question is will they find enough evidence to prosecute him. Surprised he didn't leave the country or disappear to be honest.


I've got a feeling that cap is now going to become a meme. It's quite unusual.

 Japanese Prison is like the white collar prison's in the USA ..it is gonna be a cake walk if he has to serve ..imho.... not to mention he will probably be out early too boot
 if convicted..hell all he really has to do is guide them to the BTC he stashed or whatever is left...and make a deal imho ..anyway correct me if I'm wrong would like
 to see him serve in a prison system not too 'comfy' :)



https://en.wikipedia.org/wiki/Penal_system_of_Japan (https://en.wikipedia.org/wiki/Penal_system_of_Japan)

Although according to the below link he could be making 'Hello Kitty' Items in prison ...seems they do that kinda thing ( a guy can hope so) :)

https://www.japantoday.com/smartphone/view/kuchikomi/prison-made-goods-struggle-to-find-consumer-niche (https://www.japantoday.com/smartphone/view/kuchikomi/prison-made-goods-struggle-to-find-consumer-niche)


edit: then again I just found this...he may be in for a more hard ass way of making Hello Kitty stuff (I kid you not) then I thought


http://aminkamil5c.weebly.com/japanese-prison.html#/ (http://aminkamil5c.weebly.com/japanese-prison.html#/)

A good read here (https://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/ctntusz) and here (https://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/ctnueb1) ::)

The rest of the topic is also interesting.

I wonder what will happen to those people who haven't got their money back yet? Will they be just goners and go into the corner and cry? This is bad for those people who are still waiting to get at least a fraction of their bitcoins from gox

I think it depends how much money remains after selling the mtgox/tibanne assets.

Firstly they pay for all the liabilities and expenses and creditors will be the last to get anything.

Curious to know if the price would have hit the high that it did, I suppose we will never know.

Yeah the price being much lower isn't too surprising, given the profit takers as well as the constant manipulation.

I find the whole fiat thing the most intriguing. Where did it go? Why hasn't it been traced? There must have been a very substantial amount of it and unless it's under his tamagotchi collection it must be somewhere.

What has taken the Japanese so long to gather evidence and investigate the Gox affair?  This thing has dragged for years and now there an arrest (btw with major issues surrounding if the charges will actually stick), just boggles the mind...

The Japanese conviction rate is over 99%. That's not actually very reassuring if they're out to get you, but I guess they like to be thorough in the extreme before dropping the hammer.

Mark's been a bad kid.

https://i.imgur.com/6BiiAax.jpg

This isn't justice it's a dog and pony show. The justice happens when everyone he stole from gets their money back and the video of him getting ass raped in a U.S. prison goes viral.

Maybe not. Maybe this is proof of how secure a brain wallet is under Japanese interrogation procedures...

(But yes right now it's a dog and pony show. And why are there always copious amounts of people whenever there are photos or footage from Japan?! Why is he arrested in a crowd and not in a dark alley?!)  :)

this may be a dumb question. but what will happen to the stolen bitcoins if karpeles actually had them stored somewhere?


and here I thought your post earlier on the 1st page was serious.  :P

I understand the crowds. I spent a little time in Tokyo and there's more than a few people in that city. If they arrested him in a public toilet stall their would be 50 people watching. lol

He deserves what happens. Bad karma

Nothing probably. I'm sure he has them well hidden. If you're smart it's so easy to hide bitcoins so they can never be found. He'll probably do his time then get out and buy an island when bitcoin is worth 10/100 times as much  :D.

I don't care if he ends up in jail or not. What I care about is people's money. Fortunately, I did not lose anything on MtGox incident but I hardly imagine that people who lost money are gonna be happy because scapegoat - Karpeles is in prison. Where are the money? Stolen by hackers? Everything? As you said before justice is reparation of errors and not creating semblance of it by punishing idiots.

Wonder if Bitcoins price going down has something to do with this.

The price is going down? It's hovered between $250 and $300 since like around January.

That would probably make a lot of people happy.  Even better if it were a large and angry black man doing the raping.  They love that very soft and fully French meat.

Some quotes from a former mtgox employee:

Yes, my belief was he was using customer deposits to support his lifestyle (many stories there) and that of the company without audit. Again, INCREDIBLY frustrating to see something you love and believe in... in the hands of someone... such as Mark at that time.

There were many interested investors. Once I found the discrepancy, and the missing money... I called the investors and told them about the situation. I wanted no blood on my hands, and they all left immediately.


--------- Security ------

"Yes. We had multiple meetings about this... the response was laughable.

Mark said that if he died there would be hints that one of his best friends could follow to find and unlock the cold-wallets. When I asked said friend, he said he had no idea what Mark was talking about."


 ;D

http://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/

Look at a shorter time frame, not the monthly chart.

Oh, I see what you mean. The price is traveling between such a narrow band of movement maybe that is a better way of looking at it.

http://fs2.directupload.net/images/150801/kgxdh3t8.jpg (http://www.directupload.net)

I knew Mark copied that style from somewhere! ;D
Mark you're late brother!

Mark even goxxed that black rapper - damn badass!

I'm not so sure. They have ways to ask questions in Japan. Let's just say that I will not be surprised at all if in a few weeks they have found many missing bitcoins and there are no pictures of how Mark is looking before surgery puts him back together.

About time...where's my money bitch?

http://i.ytimg.com/vi/bKJ7NzPJMDw/hqdefault.jpg

I think he was talking about an even bigger blacker man than that.  

Wait a minute - do the Japanese even have black people?  I don't think I've ever seen an AfricanBlackJap

OK - now I found one...
http://atlantablackstar.com/wp-content/uploads/2014/01/korea-blackface.jpg

That's not even the most shocking thing. What about the lack of cold storage and ignoring issues that were live on the server? And the shared account I posted earlier? I was shocked reading the reddit thread... Things are far worse than I could imagine.

Just let's him crying alone in prison

I'm surprisingly pleased by this. One down, a few to go.

I nominate Josh Garza next. I have personal stake in this one. That one would trully make my day.

Let's pray for karma to do its job. (Yay mixing religions here)

Mark Karpeles retells the Mt. Gox story:

https://youtu.be/JCR3722ACTI

that video is fake! Mark would never smile or laugh!

except he is not on drugs anymore.  ;)

 Are we sure about that? If I lost 850k bitcoins , I wouldn't be around people on public , even if I stole that or actually honestly hacked , I would be in some god forsaken island working some lame lame job to get away from everyone. He MUST be on drugs to be that calm and still operate everyday. There must be some people who seriously considered a hit on him.

Something clearly isn't sparking in his mind the way it does with conventional people. While Gox was slowly falling apart he was busy coding a cash register and developing lovely pastry recipes for his cafe. Most reports of his character are of someone who was locked in a world of his own.

As for a hit, there's no shortage of verified and identified scammers who are strolling around just fine. Internet tough talk rarely translates into action.

i put a profit warning on this company 1 year before this company went bankrupt and it was deleted

by mods for trolling xD

Was Karpeles one of the mods at the time? (honest question - he was on the Bitcoin Illuminati (I mean Foundation) and stuff like that too)

No. He's never been involved in running here and his post count is pretty modest. I'm sure he had some weight all the same in every sense of the word but people throw salient facts around all the time. I dunno what happened in that case.

yes he was a forum heavywieght, Magical Tux was his ID

also after a previous glitch with Gox he moved some coin to prove proof of funds

this type transaction is now deemed illegitemate as you could be paying someone to do it

He was much more powerful than a mod. He hosted the forum. He has always been a thieving scumbag too. The turd was found guilty of fraud in France in 2010. He admitted to pirating a server to the French investigators and was sentenced to a year in jail. He moved so he wouldn't have to serve his sentence. This dynamic is really the great thing about being a business owner in Bitcoinland. No one ever checks your background to see if you have a history of criminal behavior. They just hand you all their money. LOL

He should be in prison for his remaining life, and he destroyed many families cause over 10k btcers lost money cause of him, and some whales went broke because of this scammer. What a pity, he deserves that.  ;D  Cheers, really wanna see some rapers rape his ass.

I guess they put him in another cell than rapists. So his possibilty to being fucked in the ass is low.

Japan has a 99% conviction rate lol.

Of course this is mainly because they only cherrypick cases they know they can win, and the practice of police being able to jail you for 23 days (without access to a lawyer) where they interrogate you nonstop in hopes you'll just confess.

Is that for serious crimes only or for all crimes? 23 days is a long jail time without conviction.

All crimes, in Japan you are guilty until proven innocent. The interrogations aren't filmed either so they can slap you around if they want http://gaijinass.com/2011/01/02/7-brutal-realities-regarding-arrest-in-japan/

Because he has money though he can likely just sign the confession papers and pay a gigantic fine. You can pay your way out for almost any offense a friend of mine who stupidly bar brawled and was arrested in Tokyo was in a room full of arrested Subway gropers who paid 1 mil yen to walk out the door.

How come they didn't catch him earlier , it's been few years now lel ?
He will more then likely get Lifetime sentence or maybe they will give him few years if he give back the coins.

Then this will definitely make him getting raped on jail rofl . he won't handle it for 24h and will end up by suiciding .

Btw, is this Mark Karpeles when he was younger?

https://www.youtube.com/watch?v=HPPj6viIBmU

If you are in jail in Japan, you will have no efford to rape other inmates and if you had, you wouldn't risk it, because you will most likely be treated in the hogobo afterwards.

Looks like he admits to artificially inflating his own account balance....


http://bitcoinist.net/mark-karpeles-admits-tweaking-mt-gox-user-balances-millions-dollars/

someone copied this vid for the buy silver crash jp morgan

https://www.youtube.com/watch?v=HPPj6viIBmU

campaign

if this is Mark it is very strange indeed and does seem to indicate

he was deliberately put in the mtgox position

definately he was an extremely naive but moderately

skilled programmer

HAHA, but then just with real samurai swords!

I'll believe Mark Karpeles wil get prosecuted and put in jail only when I see it with my own eyes. He has way too much money, people with millions never end up in jail. He will probably bribe the justice or something and get out of jail as soon as possible.

Stupid Millionaire do end up in Jail. Which one is he? I guess we'll find out soon.
I think it would be a good example if he was thrown in jail or such. Something very severe. It would raise morale and maybe remind potential scammer to think twice before doing it.
The scammer vs justice scoreboard look pretty bleak so far.