Japan Charges Bitcoin CEO with Embezzlement

Japan is charging Mark Karpeles over the collapse of his Bitcoin exchange MtGox, Japanese news agency Jiji Press reports. Prosecutors claim that French-born Karpeles embezzled a million dollars into his private account.

Almost $390 million disappeared from MtGox accounts last year.

Karpeles could be sentenced to up to five years in prison or be fined 500,000 yen ($4,143 US).

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Originally appeared at: http://www.israelnationalnews.com/News/Flash.aspx/336257