Mark Karpeles on bail

[Denker]

As you can see here our former muffin has lost quite some weight.
Anybody here who understands japanese and could tell us a bit more about the actual situation or how things are planned to continue in his case?


http://www.news24.jp/articles/2016/07/14/07335370.html

[sniveling]

I found this translation on reddit although I don't know if it's reliable. If it's true I'm surprised they let him out on as little as $100K bail, he might have millions of dollars of embezzled Bitcoins hidden away. He might be happy to pay $100K bail so he can run away and spend his millions outside Japan's legal jurisdiction.

https://www.reddit.com/r/btc/comments/4st1bb/mark_karpeles_out_of_jail_can_anyone_translate/

The video says that after being held in custody for 1 year, he is out on ~ $100K bail. For the bail conditions, he isn't allowed to leave Japan. The prosecutors are accusing him of embezzling ~$3.4M

[franky1]

best diet ever. steal millions of dollars lose 70pounds(lb)

translate

In huge loss incident of virtual currency and Bitcoin, former president of Mt. Gox, Marc Karpeles defendant (31), was released on bail after about 1 year. he has been accused of embezzling more than 300 million yen($3m), in addition to the $ 5 million "padding" their account balance, while operating an illegal operation.

so it seems there are also going after him for what looks to be a form of fractional reserving too (padding)

[mayax]

good for him ! 

people from here wants anonymity, no rules,no laws, they are libertarians.... but they go to authorities if their shit BTC is "stolen" even they used an unlicensed exchanger. i don't understand why they cry when they "asked" for this

grow up, kids, define what you want and then assume it !

 don't blame the govs(police) that is bad and then you run to them whining  if something unpleasant is happening to you

[raphma]

good for him ! 

people from here wants anonymity, no rules,no laws, they are libertarians.... but they go to authorities if their shit BTC is "stolen" even they used an unlicensed exchanger. i don't understand why they cry when they "asked" for this

grow up, kids, define what you want and then assume it !

 don't blame the govs(police) that is bad and then you run to them whining  if something unpleasant is happening to you

finally someone said it!
so much hypocrisy... everyone want easy money (like cloudmining and HYIP's) and they want it in anonymity, but if they are stoled...

[mayax]

good for him ! 

people from here wants anonymity, no rules,no laws, they are libertarians.... but they go to authorities if their shit BTC is "stolen" even they used an unlicensed exchanger. i don't understand why they cry when they "asked" for this

grow up, kids, define what you want and then assume it !

 don't blame the govs(police) that is bad and then you run to them whining  if something unpleasant is happening to you

finally someone said it!
so much hypocrisy... everyone want easy money (like cloudmining and HYIP's) and they want it in anonymity, but if they are stoled...

yes, there is a HUGE hypocrisy, MANY interests, brain washed and kids.

[Junko]

Was he in Japanese prison? Looks like he's been on a diet of rice and fish this whole time. I hope he has hired some good body guards.

[unamis76]

Funny that he has so much money for bailing himself out. He can get some of that money and start repaying his customers. Oh wait... Maybe those are customers funds.

good for him ! 

people from here wants anonymity, no rules,no laws, they are libertarians.... but they go to authorities if their shit BTC is "stolen" even they used an unlicensed exchanger. i don't understand why they cry when they "asked" for this

grow up, kids, define what you want and then assume it !

 don't blame the govs(police) that is bad and then you run to them whining  if something unpleasant is happening to you

I somewhat understand what you're saying, but this isn't the problem here, the problem is much deeper. The issue is how could so many people trust an exchange with so many funds? Especially because of what Bitcoin allows us to do in termos of storing our own money... That's the root of the problem. Fortunately, for the most part, people are starting to educate themselves and aren't leaving this much money in exchanges (although there are more exchanges to spread the money...)

[eternalgloom]

Can't believe that he's out already after committing fraud on such a large scale.
Still seems like yesterday when I first heard the news of him being arrested.

[countryfree]

Funny that he has so much money for bailing himself out. He can get some of that money and start repaying his customers. Oh wait... Maybe those are customers funds.

I'm very surprised too. I thought the guy was broke with all his assets frozen but he still managed to find $100.000. Where does that money come from? I believe he should explain that. Many people also are waiting for an explanation about what happened with their money...

[CoinBreader]

Funny that he has so much money for bailing himself out. He can get some of that money and start repaying his customers. Oh wait... Maybe those are customers funds.

I'm very surprised too. I thought the guy was broke with all his assets frozen but he still managed to find $100.000. Where does that money come from? I believe he should explain that. Many people also are waiting for an explanation about what happened with their money...

Well my guess is expect the 100k for bail he pulled the right strings and bribe the right persons...
But wtf he dont fear for his life ? I mean he dont even know with what type of guys he has messed with...no wonder if he end up missing (the bad way)

[gmaxwell]

Hold your pitchforks on that point.

In the US at least, most people don't usually pay their own bail. You use a bail bondsman who loans you money for the bail and, presumably, comes and breaks your kneecaps if you don't make payments on the loan or skip down on your bail. They'll sometimes take the title on some property of yours to secure the loan.

I assume the situation is no different in Japan.

[GreenBits]

Hold your pitchforks on that point.

In the US at least, most people don't usually pay their own bail. You use a bail bondsman who loans you money for the bail and, presumably, comes and breaks your kneecaps if you don't make payments on the loan or skip down on your bail. They'll sometimes take the title on some property of yours to secure the loan.

I assume the situation is no different in Japan.

Amen. The guy wasn't broke before all of this. In the States you only need ten percent of the bail amount for a property bond, I don't think it would have been that hard to scrape that together, especially since I'm pretty sure he's sitting on millions of user funds.

[mixan]

He looks like they worked him hard in jail to get rid of that gut and fat face of his. If you didn't say that was him I wouldn't have recognized him in a crowd. I think that is why he lost all that weight or they didn't have doughnuts and slushies in the big house. 

[Valzador]

Doctors hate this method!

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[tobacco123]

He looks like they worked him hard in jail to get rid of that gut and fat face of his. If you didn't say that was him I wouldn't have recognized him in a crowd. I think that is why he lost all that weight or they didn't have doughnuts and slushies in the big house. 

I guess he is also happy that many people can't recognize him anymore. He can just further undergo some slight cosmetic surgeries, change a name and happily spending the huge fortune ever after! I think he must have used some brainwallets to keep all the coins!

[Denker]

Hold your pitchforks on that point.

In the US at least, most people don't usually pay their own bail. You use a bail bondsman who loans you money for the bail and, presumably, comes and breaks your kneecaps if you don't make payments on the loan or skip down on your bail. They'll sometimes take the title on some property of yours to secure the loan.

I assume the situation is no different in Japan.

You are right Greg.
Or another theory could be that Mark made some "friendship" with some high ranked member of Yamaguchi-gumi or Inagawa-kai who helped him out, for now.
Wouldn't surprise me if he tried almost anything to get out of prison as I assume him having a weak kind of personality who couldn't handle that situation any longer.

[Kakmakr]

The rice diet did wonders to his weight problem, so I guess he is on the winning side for that too. Do they have a court date for the other cases? I cannot figure how you are responsible for the loss of millions of dollars and you get away with 1 year. ^hmmmm^

Let's hope some of these people get some retribution and answers for what really happened there.

[7788bitcoin]

Plot twist: Maybe the Japanese government will hire him as a consultant to fight cryptocurrency crime? Remember the movie "Catch me if you can?" He is the best person who knows everything about how these crimes work!

[raphma]

Hold your pitchforks on that point.

In the US at least, most people don't usually pay their own bail. You use a bail bondsman who loans you money for the bail and, presumably, comes and breaks your kneecaps if you don't make payments on the loan or skip down on your bail. They'll sometimes take the title on some property of yours to secure the loan.

I assume the situation is no different in Japan.

You are right Greg.
Or another theory could be that Mark made some "friendship" with some high ranked member of Yamaguchi-gumi or Inagawa-kai who helped him out, for now.
Wouldn't surprise me if he tried almost anything to get out of prison as I assume him having a weak kind of personality who couldn't handle that situation any longer.

and why would he?
i'm pretty sure he still is rich...