Former Mt. Gox CEO Loses Motion to Delay US Court Case
Mark Karpeles, the former CEO of now bankrupt exchange Mt. Gox, was refused a motion to stay a case against him in US court brought by former investors.
Plaintiffs and former investors Gregory Greene and Anthony Motto say they hold Karpeles “personally liable” for losses they incurred from their bitcoin investments made through Mt. Gox.
Karpeles filed the motion to delay court action "in light of ongoing civil rehabilitation proceedings in Japan that are likely to provide full recovery”. Judge Gary Feinerman of the Northern District of Illinois denied the motion on Thursday.
A status hearing will be held on May 1.
Mt. Gox filed for bankruptcy in April 2014 after claiming to have been hacked for 850,000 bitcoins, some of which was later discovered in a "forgotten" wallet.
Karpeles is facing a potential 10 year sentence for embezzlement in a court case in Japan.
I never imagined things would end this way and I am forever sorry for everything that’s taken place and all the effect it had on everyone involved. ~ Mark Karpeles, former Mt. Gox CEO
Contact Live Truth Productions
For more on who we are & what we're about, click here.
💥
Congratulations @truthproductions! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness and get one more award and increased upvotes!