From PC World: Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt. Gox with embezzling the money of clients. He faces up to 10 years in prison if convicted.
Mark Karpeles was arrested by police in Tokyo last month, 17 months after Mt. Gox filed for bankruptcy with losses of tens of millions of dollars.
Karpeles is suspected of moving money from the accounts of clients into the accounts of his own company, reported Japan's Kyodo News.
While it's too early to know the specifics of the prosecution case, Karpeles' odds are not good now he's been charged. Japan has a conviction rate of roughly 99 percent.
Mt. Gox was one of the most visible signs of the bitcoin bubble that captivated the tech industry in late 2013 and early 2014.
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