Mt. Gox founder not interested in visiting the US to answer subpoena

The founder of Mt. Gox has been subpoenaed to appear in a Washington D.C. court to discuss Mt. Gox's closure and subsequent bankruptcy.

Published Wed, Apr 16 2014 12:16 AM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Mt. Gox founder Mark Karpeles will not return to the United States to explain the company's demise, leading to bankruptcy, as he waits to investigate a subpoena issued by the U.S. Department of Treasury's Financial Crimes Enforcement Network division.

Mt. Gox founder not interested in visiting the US to answer subpoena | TweakTown.com

Karpeles has been ordered to speak during a testimony scheduled for Friday in Washington, D.C. A Japanese court was scheduled to discuss the issue, in case the U.S. asks for him to be turned over.

"Mr. Karpeles is now in the process of obtaining counsel to represent him with respect to the FinCEN subpoena," according to a legal filing. "Until such time as counsel is retained and has an opportunity to 'get up to speed' and advise Mr. Karpeles, he is not willing to travel to the U.S."

Needless to say, it's likely Karpeles will take his time selecting an attorney and adhering to the judge's order anytime soon.

NEWS SOURCE:reuters.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles