Society

MtGox chief found guilty of inflating cash balance

Mar 16 (NHK) - The Tokyo District Court has sentenced the former head of a digital currency exchange to 30 months in prison suspended for four years for altering data in a Bitcoin account.

The French-born defendant, Mark Karpeles, was CEO of MtGox, which failed five years ago. The charges against him included altering data in the firm's computer system to pad his account balance and embezzling about 3 million dollars from clients' accounts in 2013.

Karpeles pleaded not guilty to all charges, saying he has never misappropriated clients' money.

In his ruling on Friday, presiding judge Tomoyuki Nakayama said the defendant falsified data to increase the balance in his Bitcoin account without actually sending money there.

However, the judge acquitted Karpeles on the charge of embezzlement and another of aggravated breach of trust.

MtGox went under in 2014 after losing a massive amount of Bitcoins to unauthorized access from outside the company.

Japan's All-Suite Cruise Ship Sets Sail on Maiden Voyage

Japan's first luxury cruise ship, where all rooms are suites, has departed Yokohama Port for its maiden voyage.

Prime Minister Ishiba’s Vehicle Collides With Escort

A vehicle carrying Prime Minister Ishiba collided with a leading escort car. No injuries were reported.

Yomiuriland Roller Coaster Stops Midway, 25 Passengers Rescued

The 'Bandit' roller coaster at Yomiuriland in western Tokyo, came to a grinding halt Saturday, leaving 25 passengers stranded.

Nozomi Shinkansen to Reduce Non-Reserved Seats

JR Central and JR West plan to reduce the number of non-reserved seats on the Nozomi Shinkansen, operating on the Tokaido and Sanyo lines, starting next spring, according to sources familiar with the matter.

Gold Smuggling Hits Record High in Japan

Gold smuggling into Japan has reached unprecedented levels, with smugglers employing increasingly ingenious methods to evade detection. Customs officials have uncovered gold hidden in wigs, the tips of golf clubs, and even within luggage cart components.

MEDIA CHANNELS

MORE Society NEWS

What’s Dating Like For Half Japanese in Japan

Today, I asked my friend's to share their experiences about dating in Japan as a mixed race! (JESSEOGN)

Japan's Princess Aiko turns 23

Princess Aiko, the daughter of Japanese Emperor Naruhito and Empress Masako, turned 23 on Sunday. (NHK)

Father Acquitted in Stepdaughter's Death After Reversal of Conviction

A 35-year-old father, Takahiro Imanishi, was acquitted by the Osaka High Court on November 28th after being sentenced to 12 years in prison for the death of his 2-year-old stepdaughter, Noa.

Remains of Largest 7th-Century Imperial Residence Found in Nara

Remains of what is thought to be the largest building of the late 7th century have been discovered at the Asuka Palace site in Asuka Village, Nara Prefecture. It is believed to have been the residence of an emperor.

Mystery Key Boxes Spark Concern Around Harumi Flag

Concerns have grown around the Harumi Flag area, the former Olympic Village turned residential complex, where a series of mysterious key boxes have been found.

Poisonous Pufferfish Sold Untreated in Aichi Prefecture, Calls for Return

Toxic pufferfish were sold without removing poisonous parts in Tokoname City, Aichi Prefecture, prompting authorities to issue a warning and request product returns.

Trespasser Breaks Into Over 1,000 Properties for the Thrill

A man in Fukuoka Prefecture who was arrested for breaking into aafter admitting to trespassing over 1,000 times, citing the adrenaline rush as the primary motivation.

Former Official Involved in Ikebukuro Car Crash Dies in Prison at 93

Kozo Iizuka, a former senior official convicted in a 2019 car crash in Ikebukuro, Tokyo, that killed two people and injured nine others, has died at the age of 93. Iizuka passed away in October, reportedly due to natural causes.

< 2 3 4 5 >