Mark Karpeles, the CEO of failed Bitcoin exchange Mt. Gox, has delivered his final comments at his trial for embezzlement and fraud. The trial, which has been taking place in Tokyo, has been running for over 6 months.
Karpeles, who denies the charges, has been on bail since 2017 and unable to leave Japan pending the result of this trial; he denies embezzlement. However, prosecutors are demanding a 10-year jail sentence for his oversight of the collapse of Mt. Gox. According to Japan Times earlier this month, Prosecutors told the Tokyo District Court that Mark Karpeles, 33, “diverted company funds for such uses as investing in a software development business for personal interest” and “played a great role in totally destroying the confidence of bitcoin users.”
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https://coinlu.com/mt-gox-ceo-pleads-innocence-over-collapsed-exchange/