Sue Mtgox for Insider Trading, Fraud, CEO ends up in Jail

[gethimnow]

Mtgox should be sued for Insider Trading, Securities Fraud

Let the Japan Financial Crimes Unit and Tech Police Department investigate Mtgox accounting and payroll, find out "who" in their system are "selling" & "buying" at the "exact right time", what kinds of connections between them and the company

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nice plan

This time the point is Financial Crimes, not only helping users do Money Laundering but also the company itself invovled Insider Trading, Securities Fraud etc.

Scammed people so much $$$ from FUD & borrowed, played client fund without informed & market price controls, after all gave a reason of "Malleability Bug" which has been discovered since 2011 won't cover your financial crimes facts, the CEO and employers should all end up in Japanese jail!

Check about what the bitcoin core dev Gmaxwell said about this "Malleability Bug":
http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/

[gethimnow]

don't let them get away from this!

[rat]

Mark Karpeles (Gox CEO):



umad?

[Methodman1116]

Mark Karpeles (Gox CEO):

http://email.hallmarkchannel.com/PR/PhotoMailers/sharkswarm/HiRes/03_SharkSwarm_HiRes.jpg

umad?

hoo

[DooMAD]

Or better yet, just quietly stop using Gox and let it crumble under the weight of it's own ineptitude.  The last thing we need is high profile lawsuits and tabloid newspapers reporting that the sky is falling.

I've made the point elsewhere that this is just like the situation we have in fiat currency where we allow "too big to fail" banks to carry on failing.  We must not allow "too big to fail exchanges".  Gox is a failing exchange and we need to let it die so that more competent and trustworthy providers can fill the void.  Just take out whatever money you can get from Gox and never use them again.

[moni3z]

So rich from your stolen coins he can't even use a regular chair, it would break from the massive paper keys he keeps stuffed in his shirt

[jago25_98]

Now that we have BTCChina and Bitstamp and also great service from BTC-e I'm not really too bothered about Mt.gox shenanigans.  And of course it would be even better to have direct coin exchange in common use (there's a thread on it but i forget what it's called)

Isn't Mt.Gox regulated now? If so then they can't do certain things with funds... assuming the rules in Japan are similar to the USA and UK? However, there's a lot of scope for scamming even with rules - something forex broker clients would tell you all about; it took years to see fines dished out and they didn't really hit share prices. I mean, the picture there has just been amazing - it's par du jour.

Thanks for the link gethimnow

[alpha492]

Mtgox should be sued for Insider Trading, Securities Fraud

Let the Japan Financial Crimes Unit and Tech Police Department investigate Mtgox accounting and payroll, find out "who" in their system are "selling" & "buying" at the "exact right time", what kinds of connections between them and the company

sell bitcoin yourself at high price after you stopped cash withdraw allow bitcoin withdraw
buy bitcoin yourself at low price after you stopped bitcoin withdraw allow cash withdraw
nice plan

This time the point is Financial Crimes, not only helping users do Money Laundering but also the company itself invovled Insider Trading, Securities Fraud etc.

Scammed people so much $$$ from FUD & borrowed, played client fund without informed & market price controls, after all gave a reason of "Malleability Bug" which has been discovered since 2011 won't cover your financial crimes facts, the CEO and employers should all end up in Japanese jail!

Check about what the bitcoin core dev Gmaxwell said about this "Malleability Bug":
http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/

It seems less and less of this community is really taking to heart what it means to be part of an unregulated market...

Over in the BFX thread they're talking about a centralized trading 'halt' system for when the price declines too fast and now this.

You bought/mined bitcoin, you knew the markets weren't regulated.  Take responsibility or gtfo, that's the reality.

Don't like Gox?  Don't use their exchange!