Mark Karpelès : Bitcoin Embezzlement Verdict on Friday

[gentlemand]

The Tokyo District Court may not have found him guilty on his embezzlement charge but don't you think falsifying data to mislead the public about the current position of Mt. Gox isn't enough to merit him a long term prison sentence?

It don't matter what we think or what he did and didn't do. The verdict is in and that's pretty much it. I've never really understood the lenience that large scale fraud attracts in terms of penalties but it's the way of the world.

There may be future wallopings from other jurisdictions coming his way. Gox touched many parts of the world.

[Theb]

~snip~

It don't matter what we think or what he did and didn't do. The verdict is in and that's pretty much it. I've never really understood the lenience that large scale fraud attracts in terms of penalties but it's the way of the world.

There may be future wallopings from other jurisdictions coming his way. Gox touched many parts of the world.

I just got carried away that another white collared criminal got away from jail, the way I see it is that the judicial system has a different view from business crimes compared to violent crimes that face the maximum punishment. It works as if its like they have unlimited warnings from the punishments and penalties they received. The suspended four years he received was only like a probationary period in which he needs to stay clean and after that he can do whatever the hell he wants, its like they given him time to plan and prepare his next big move.

[gentlemand]

I just got carried away that another white collared criminal got away from jail, the way I see it is that the judicial system has a different view from business crimes compared to violent crimes that face the maximum punishment. It works as if its like they have unlimited warnings from the punishments and penalties they received. The suspended four years he received was only like a probationary period in which he needs to stay clean and after that he can do whatever the hell he wants, its like they given him time to plan and prepare his next big move.

There are countless double standards and strangenesses.

Just the other day a bunch of blokes in the UK got 3-5 years each for selling hacked TV boxes for pubs to livestream football games free. People who mutilate or cripple children get less time than that here. Similarly you're likely to get the same amount of time for habitual shop lifting from one place as if you'd conned tens of thousands of people out of their life savings.

I think the legal system is more lenient on white collar crime because it's the people they tend to mix with who carry it out.

[figmentofmyass]

This is what I say is a slap in the wrist for such crime committed. If this was just a guy who rob a store and pointed a gun to someone he would likely face 15+ years in prison without even earning a dime on what he stole.

how is that a legit comparison? he was tried on embezzlement charges and found not guilty. he didn't steal anything. he bought an insolvent exchange which then got hacked again and became deeply insolvent, and he tried to cover it up. that's shitty but it's not comparable to armed robbery. it's not even in the same universe.

The Tokyo District Court may not have found him guilty on his embezzlement charge but don't you think falsifying data to mislead the public about the current position of Mt. Gox isn't enough to merit him a long term prison sentence? Armed robbery is just a small time crime compared to what he did.

i don't see a long term prison sentence as any sort of justice. what will that accomplish? serious question.

also, i guess we have very different views about violent crime. i think using a lethal weapon to perpetrate violence and intimidation against a victim is fucking horrible. i'm much more open to imprisoning violent criminals threatening (and sometimes ending) peoples' lives in the streets than someone who falsified data at a bitcoin exchange back in the "magic internet money" days. who is the bigger threat to society?

let's keep in mind, when the mt gox keys were stolen (in sept 2011), bitcoins were worth $5 a piece and no one took it seriously at all. it was the wild west. people are acting like mark stole $12,000,000,000 worth of bitcoin. just.....no.

and what's with the whole culture of playing the victim? any given customer never would have lost coins if they did basic due diligence and/or didn't trust other people to hold their coins. i was around in 2013-14 and i avoided gox like the plague because they were infamous for slow-paying customers. why doesn't anyone take any responsibility for their mistakes anymore? people were too negligent to look into the company they do business with, too negligent to secure their own bitcoins, and so they got parted from their money. they missed out on a bubble because of their own carelessness and now they want to see someone burn for it. i get it, but i don't agree with it. and i also think this attitude is indicative of a larger problem: so many bitcoin users flat out refuse to take responsibility for their own money.

[posi]

This is what I say is a slap in the wrist for such crime committed. If this was just a guy who rob a store and pointed a gun to someone he would likely face 15+ years in prison without even earning a dime on what he stole.

how is that a legit comparison? he was tried on embezzlement charges and found not guilty. he didn't steal anything. he bought an insolvent exchange which then got hacked again and became deeply insolvent, and he tried to cover it up. that's shitty but it's not comparable to armed robbery. it's not even in the same universe.

The Tokyo District Court may not have found him guilty on his embezzlement charge but don't you think falsifying data to mislead the public about the current position of Mt. Gox isn't enough to merit him a long term prison sentence? Armed robbery is just a small time crime compared to what he did.

i don't see a long term prison sentence as any sort of justice. what will that accomplish? serious question.

You're right with what you said because what he has done cannot be retrieve through the sentence. With that been said, there's something I dont get here because the last time I checked Tokyo district court found him guilty of the charges and they suspended the jail sentence.