Japan Issues 2nd Arrest Warrant for Former CEO of MtGox, The Bitcoin Exchange!!!

Japan issues 2nd arrest warrant for Frenchman, Mark Karpeles, the former(?) CEO of MtGox the bitcoin exchange. This allows their legal clock to reset and they can continue to hold him in custody without charging him for any crimes while they continue to build their case against him. Karpeles was arrested a few weeks ago and charged with fraud in regards to the hundreds of millions of dollars in missing bitcoins. Bitcoins are a fake currency that only exists in cyberspace, that is as basic as you can put it. There are no actual coins made of any metal or material that you can hold in your hand, it is just the idea that some dude came up sitting around in his undies while playing Xbox and he said,
"hmm, how can I scam a lot of gullible people into investing real money for something fake and then I can steal their money". And wham bam thank you Sam, Bitcoin was created.

Not only did someone just create this bitcoin out of whole cloth, but he devised a method of having the value of each coin fluctuate at his whim. So one day, a bitcoin can be worth $3.50 USD and two hours later it can change and be worth only $2.99 USD or if you are lucky, it can go the other way and now be worth $4.24 USD. There is no rhyme or reason for the fluctuations. At least none that I've read about. So, Karpeles was holding clients bitcoins and his own money in the same electronic file when 850,000 bitcoins just up and grew legs. He claims he doesn't know how they disappeared. Well, since they only computer data, someone had to take them. Oh, and guess how much they were worth that day? Are you sitting down? $487,000,000.00 USD Yes, that's right four hundred eighty seven million dollars!!!!

Japanese police say Karpeles embezzled the bitcoins. He denies it. But after some of his clients started complaining about the missing coins, he "found" 200,000 of them in a "cold wallet" he had lying around. A "cold wallet" is a memory stick or usb storage device that is not connected to the Internet on a regular or permanent basis. Sigh, I just want to know how so many people can be that stupid, to invest in something that doesn't really exist and how can I scam them too? LOL (Just kidding).  What's that old saying? "A Fool and his money are soon parted" I am just saying. hahaha
I wonder if any of them can feed themselves on their own or do they require 24 hr 7/day a week care?? HAHAHAHA Money from my account doesn't leave unless I am going to get a tangible good or service. It's just cray cray!!!  What's also cray cray is that Karpeles was living in an $11,000.00 per month apartment rental. He only went to Japan to be a programmer, was that job really paying that much? I don't think so!!! Clearly he was scamming people and stealing. He would have to have been the CEO or President of the company to afford an apartment that expensive. Oh! And he also allegedly paid, $48,000.00 USD for luxury canopy bed. That's enough money to buy a nice car here in the USA, I did a search for that bed, but I haven't been able to locate it yet. hahahaha I wanna see what a $50K bed looks like. Does it give you sex too? LOL Can it cook meals? What is so special about it that makes it worth nearly fifty thousand dollars!!!?!?!?!? Dayum, someone saw him coming. hahahahaha

Japan is also writing new laws to crack down on virtual currency regulation. Well, I think they are a day late and a dollar short. But hopefully, their new laws will stop future thefts. I think that they need to write laws that have very stiff penalties, like 20 yrs solitary confinement or death. If you steal millions. The reason why people continue to steal is because the penalty is not high enough. They say, I can steal $100,000,000.00 or more and if I get caught, I'm only gonna do 10yrs, big whoop! I'll still have the $100,000,000. laying around somewhere. The penalty must be severe to deter the crime otherwise we are just gonna continue wrist slapping. That's why Bernie Madoff is laughing in his jail cell. He's got hundred of millions of dollars secreted away or maybe even billions. He stole billions. And most of it was not recovered. I know he has money out there. And his wife has access to it, maybe not all of it, but part of it. I am sure. She should have gotten some prison time too. She had to know what her husband was doing. No one is that good of a liar that their spouse is not going to be privy to some of it.Sigh, where's a good hanging Judge when you need one. hahahahaha Judges are too soft nowadays.