Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis 134
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."
No problem (Score:0, Funny)
It'll fix itself because the fairy hand of the market provide perfect knowledge to the worthy. The unworthy ones got what they deserved by not seeing in their crystal ball that Gox was an unsafe place to put their bitcoins. Soon, the unworthy ones won't have any more money to lose and only the worthy ones (the ones with irresistible grace) will have bitcoins and since the worthy ones never make any mistakes, only honest bitcoins exchange will remain. Not that stealing unworthy ones that lack irresistible grace is dishonest anyway, after all people without the irresistible grace are not really people.
Underbody LEDs ... (Score:5, Funny)
What the hell is a "racing version" of a Honda Civic.
For many, one with underbody LEDs. :-)