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| March 23, 2019

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TMZ

Mail Bomber Cesar Sayoc Pleads Guilty to 65 Felonies

March 21, 2019 |

Cesar Sayoc – the domestic terrorist who pledged allegiance to President Trump and mailed pipe bombs to former President Obama, CNN and others — is pleading guilty to a whopping 65 felonies. The U.S. Attorney’s Office announced Sayoc’s…

TMZ.com

Man involved in scheme that bilked Facebook and Google out of $121 million pleads guilty

March 20, 2019 |

A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $ 100 million through a phishing scheme.

The scheme netted about $ 23 million from Google in 2013 and about $ 98 million from Facebook in 2015, according to a person familiar with the case, who…


L.A. Times – Business

Ex-Pediatrician Guilty of Molesting Dozens of Patients

March 19, 2019 |

A former Pennsylvania pediatrician was sentenced Monday to at least 79 years in prison for sexually assaulting 31 children, most of them patients, as his now-adult victims blasted not only their abuser but the system that let him get away with it for so long. Dr. Johnnie Barto of Johnstown…
Newser

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

March 15, 2019 |

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Mark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

Court Sentences Karpeles

The CEO of the now-defunct Mt. Gox exchange, Mark Karpeles, received a suspended jail sentence of two and a half years Friday after the Tokyo District Court found him guilty on charges of data manipulation, according to local media. Noting that the court suspended the sentence for four years, AFP-Jiji Press wrote:

The court convicted Mark Karpeles, a 33-year-old Frenchman, for falsifying computer data but acquitted him over charges of embezzling millions from client accounts.

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Tokyo-based tech reporter for Bloomberg, Yuji Nakamura, translated the verdict in a series of tweets. “We’re calling it that he’s not actually going to prison,” he wrote. “In plain English: he’s guilty of record tampering, but not guilty of embezzlement. He is ‘suspended’ for 4 years, during which time if he does anything bad he’ll be jailed for 2.5 years.”

The 2014 collapse of Karpeles’ Mt. Gox exchange involved the loss of approximately 850,000 bitcoins, 200,000 of which were later found, although victims have yet to see any restitution. Despite the court-appointed bankruptcy trustee selling the recovered coins in preparation for disbursement, the recovery process has been put on hold due to a pending $ 16 billion lawsuit by a former business partner.

Court Found a Total Mess

According to the verdict which Nakamura translated, the Tokyo District Court found that the way Karpeles “ran Mt. Gox was a total mess and that he tampered w/ records to hide the fact it was missing a lot of bitcoin, but he did not do it for personal gain or have ill intent.” The court document also details:

We find the charge of electronic record tampering to be true and that it deserves punishment, but there’s no criminal evidence re embezzlement (dominant or reserve type) or violations of company laws, resulting in a not guilty ruling.

Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

The court acknowledged that “the creation and use of tampered records involved a monetary amount that was extremely large, resulting in severe damage to the trust of the users,” Nakamura described. “There is no excuse for the defendant, who is an engineer with expert knowledge, to abuse his status and authority to perform clever criminal acts. We cannot look lightly upon the criminal responsibility of the defendant,” his translation reads.

Karpeles’ Promise

After the news of the verdict broke, Karpeles has made only one tweet at the time of this writing. It was in response to Twitter user Emilien Dutang, founder of blockchainpartner.fr, reminding him of his earlier promise. On Feb. 11, Karpeles wrote:

I hereby pledge any net proceeds I receive from Mtgox back to Mtgox creditors. Not that I will [be] receiving anything anyway.

Dutang reminded him Friday, “I hope you’ll keep your words,” to which the former Mt. Gox CEO replied, “Will do.”

What do you think of Karpeles’ sentence? Let us know in the comments section below.


Images courtesy of Shutterstock, Channel News Asia, and Fortune.


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The post Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement appeared first on Bitcoin News.

Bitcoin News

Cardinal George Pell Found Guilty of Sexually Assaulting Choirboys

March 6, 2019 |

The most senior Vatican official to ever stand trial on child sex-abuse charges was found guilty of assaulting two choirboys at a church in his former diocese.
WSJ.com: What’s News Europe

Verizon store robbery ringleader pleads guilty

March 5, 2019 |

The ringleader of a crew that staged 10 robberies of Verizon stores in Southern California and Arizona has pleaded guilty to federal charges and is facing a possible sentence of life in prison.
FOX News

Patriots Owner Pleads Not Guilty

February 28, 2019 |

New England Patriots owner Robert Kraft has pleaded not guilty to two counts of misdemeanor solicitation of prostitution in a Florida case, according to court documents released Thursday. Kraft’s attorney Jack Goldberger filed the written plea with the Palm Beach County court on Wednesday, the AP reports. Kraft, 77, is…
Newser

Huawei pleads not guilty to trade secrets charges in Seattle

February 28, 2019 |

The Chinese tech giant Huawei has pleaded not guilty to U.S. charges that it stole trade secrets from T-Mobile.

A company representative entered the pleas Thursday in federal court in Seattle, where a 10-count indictment was unsealed in January. Charges include conspiracy to steal trade secrets,…


L.A. Times – Business

Cardinal George Pell Found Guilty of Sexually Assaulting Choirboys

February 27, 2019 |

The most senior Vatican official to ever stand trial on child sex-abuse charges was found guilty of assaulting two choirboys at a church in his former diocese.
WSJ.com: What’s News Asia

CNN

Woman guilty of smuggling $6.5M ivory

February 20, 2019 |

A Chinese woman, nicknamed the ‘Queen of Ivory’ and thought to be one of Africa’s most notorious traffickers, has been sentenced to 15 years in prison, Tanzanian authorities told CNN.
CNN.com – RSS Channel – World