Money Raccoon (OP)
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Activity: 67
Merit: 10
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February 27, 2014, 11:33:10 AM |
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I'll go first and choose option 5.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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DubFX
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February 27, 2014, 11:35:48 AM |
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I thin kthat he won't go to the court
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Satyre_Noir
Newbie
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Activity: 56
Merit: 0
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February 27, 2014, 11:39:00 AM |
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He will be arrested soon, loosing coins because trans. malleability is good story for his mom and dad only.
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WompRat
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February 27, 2014, 11:46:00 AM |
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After the Olympus scandal Japan toughened up its anti fraud laws so there is a small chance he could have broken these, but it is highly unlikely that a prosecutor has any appetite for pursuing this given the lack of legal precedence in bitcoin. The losses are fairly small in the grand scheme of things and International pressure is going to be pretty low. The US authorities are probably glad the exchange has shut. He will never go to court in my opinion even if he has broken the law which is far from certain.
A private prosecution is always on the cards, but if they are bankrupt it seems like a large waste of money. The administrators would probably get it dismissed before it ever reaches court.
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CrashX
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February 27, 2014, 08:54:28 PM |
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After the Olympus scandal Japan toughened up its anti fraud laws so there is a small chance he could have broken these, but it is highly unlikely that a prosecutor has any appetite for pursuing this given the lack of legal precedence in bitcoin. The losses are fairly small in the grand scheme of things and International pressure is going to be pretty low. The US authorities are probably glad the exchange has shut. He will never go to court in my opinion even if he has broken the law which is far from certain.
A private prosecution is always on the cards, but if they are bankrupt it seems like a large waste of money. The administrators would probably get it dismissed before it ever reaches court.
But here is the US they don't really care about lack of legal procedures, they will accuse him of everything, including running a Ponzi Scheme, Look at Pirate 40,
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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February 28, 2014, 12:08:01 AM |
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If he solves the mess by finding an investor nothing will happen. If not he'll be arrested.
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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TonyZX
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Activity: 101
Merit: 10
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February 28, 2014, 04:31:58 AM |
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I thin kthat he won't go to the court I also think that he won't go there. I don't now how but he'll probably escape it.
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Bitcoin is our past, present and future!
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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February 28, 2014, 05:44:30 AM |
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If he solves the mess by finding an investor nothing will happen. If not he'll be arrested.
There are some investigations and law suits pending atm and I guess he will go to court for either of these irregardless if he finds a buyer or not. Finding one would only reduce the future number of law suits he will find himself in resulting from recent events, maybe even get him out of any of those but I guess he wont go unmolested by any trails from here on.
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CrashX
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February 28, 2014, 06:13:36 AM |
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If he solves the mess by finding an investor nothing will happen. If not he'll be arrested.
+1 he needs to have the books in good standing
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mcleo
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Activity: 77
Merit: 10
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February 28, 2014, 06:22:32 AM |
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I think a) Mark has a lawyer, so he might not have to be in court for a year+ and b) even if he didn't, it could be months.
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repentance
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February 28, 2014, 07:37:38 AM |
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His lawyers will probably be in court filing for bankruptcy within a week.
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All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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heavyb
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February 28, 2014, 07:04:40 PM |
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Bankruptcy protection does not protect from fraud charges. I have about 10 emails that will very clearly demonstrate that this was a case of fraud and not the BS he is saying.
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Nagle
Legendary
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Activity: 1204
Merit: 1000
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February 28, 2014, 07:16:51 PM |
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Mark Karpeles at the Tokyo District Court.
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exocytosis
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February 28, 2014, 11:29:34 PM |
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I think he will most likely walk away as a free, happy man, settling down on a nice island somewhere in the Pacific, living in a castle and laughing all the way to the bank. Other key players from the Bitcoin Foundation will probably be joining him.
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ijphlrnxewho
Legendary
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Activity: 1582
Merit: 1000
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March 04, 2014, 08:34:56 AM |
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If this is a government conspiracy to try to regulate Bitcoin; you will soon find Mark Karpeles executed and it will be labeled as "suicide"
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Lyomon86
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Activity: 96
Merit: 10
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March 05, 2014, 04:17:34 PM |
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I'd like to choose the option 5. But more likely to happen that he will find a buyer normal service can resume and no court case will transpire
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neutralist
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Activity: 85
Merit: 10
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March 05, 2014, 04:33:51 PM |
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Mark Karpeles is Jewish, probably member of the Zionist Illuminati. He will be immune to all these legal actions.
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E.exchanger
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March 05, 2014, 05:02:09 PM |
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He should be in prison for life but that's certainly not the end of what people want. Everyone wants their money back which i think is never going to happen he should be forced to return money which doesn't belongs to him the money he has stolen.
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soy
Legendary
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Activity: 1428
Merit: 1013
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March 05, 2014, 05:43:55 PM |
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If the company doesn't find an investor then there's no way to recover the lost btc. As presently I'm a loser in this, it would be nice to imagine it could be taken out of the fire even if it takes a year. By that time most of my coins held by him would meet the requirements for long term capital investment assets twice over. (Maybe if we keep repeating loudly enough that the btc can't be recovered some ass will happily post how clever he was getting away with so many bitcoins.)
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nwfella
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Activity: 1582
Merit: 1000
Well hello there!
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March 05, 2014, 10:32:00 PM |
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The sad reality is people like Karpeles rarely go to jail. And even if they do, it will be a proverbial slap on the wrist. More than likely if Karpeles finds it unbearable to remain in Japan or his native homeland that he will probably end up sipping a latte on some beach in Cyprus.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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