Japanese prosecutors charge Karpeles with embezzling 321 million yen ($2.66 million) by transferring clients’ funds deposited at Mt.Gox’s bank account to other accounts. Sources say the money was spent on buying computer software development rights and an expensive custom-built bed. Karpeles is suspected of falsifying data on the outstanding balance of the exchange. Karpeles has denied the charges, telling investigators the data falsification was done for the company and he had intended to pay back the money. He has been held without formal charge for six weeks, as allowed under Japanese law.
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Mt. Gox

11 Sep, 2015
What's this? This is an unbiased just-the-facts news timeline ('newsline') about Mt. Gox, created by Newslines' contributors. Help us grow it by finding and summarising news. Learn more