The former head of Mt.Gox found guilty of forging documents

The Tokyo District Court convicted the former CEO of the Mt.Gox bitcoin exchange, Mark Carpeles, of falsifying documents and sentenced him to two years and six months in prison. Nevertheless, Karpeles has a suspended sentence of four years ahead in order to prove his reliability and avoid a real prison sentence. Reported by The Block.

Note that the prosecutor's office demanded 10 years in prison, however, on charges of embezzlement and violation of corporate law, Karpeles was found not guilty.

“I am grateful to the court and am glad that I was found not guilty of embezzlement and violation of obligations,” he said.

Karpeles and his lawyers intend to assess the situation and develop a strategy for action on the charges.

Earlier, the Illinois court rejected the petition of the lawyers of the former head of Mt.Gox to suspend the proceedings against him in the United States. So, American investors Gregory Green and Anthony Motto demand that Carpeles be personally responsible for the loss of their investments.

Once the largest Bitcoin exchange Mt. Gox crashed in early 2014. This happened after the information appeared about its alleged hacking and theft of 800,000 BTC ($ 480 million at that time). In December last year, Karpeles, during his closing speech at a Tokyo court, called himself innocent of the events that caused the millions of client losses and the company's collapse.

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