Interpol to Investigate Bitcoin Scam

Austrian authorities are asking Interpol to help track down suspects in a Bitcoin scam  
15 February 2018   1355

This scam hit thousands of investors in Austria and abroad, which resulted in millions of dollars in losses.

Prosecutors in Vienna are receiving hundreds of complaints about a scheme known as “Optioment”. This scheme promised investors returns of up to four percent per week on bitcoin deposits through arbitrage trading. Investors from Poland, Germany, and several other Eastern European countries have potentially incurred losses of up to 12,000 bitcoin.

According to police, they identified two people who are accused of fraud in the complaints and are going to find others abroad. The officials asked Interpol to investigate additional suspects in Denmark, Latvia, and Germany.  However, no arrests have been made.

Mt. Gox CEO to be Found Guilty of Falsifying Docs

Mark Karpeles has a suspended term of four years ahead to prove his reliability and to avoid a real imprisonment
15 March 2019   120

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

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, Carpeles, 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.