Bitcoin CEO spent embezzled funds on prostitutes: Reportshttp://timesofindia.indiatimes.com/world/rest-of-world/Bitcoin-CEO-spent-embezzled-funds-on-prostitutes-Reports/articleshow/49570125.cmsTOKYO: The head of collapsed Bitcoin exchange MtGox was facing fresh embezzlement charges on Wednesday, as Japanese media said some of the allegedly stolen funds were spent on prostitutes.
Tokyo police said they had arrested France-born Mark Karpeles, 30, for moving 20 million yen ($166,000) in client money to his bank account, as he faces fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.
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Yes, they really titled the article "Bitcoin CEO...". Poo in the loo Times of India.
