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> bankruptcy proceedings take a long time and to a retail investor ‘you might get some money back in N years’ isn’t so different from ‘you get nothing’. Does a
by mcherm 4y ago
> bankruptcy proceedings take a long time and to a retail investor ‘you might get some money back in N years’ isn’t so different from ‘you get nothing’.
Does anyone actually remember MtGox? It wasn't actually that long ago!
- TheOtherHobbes 4y agoKarpelès never went to jail. He was convicted of poor recording keeping, not of embezzlement, and given a suspended sentence. If - hypothetically - someone else wanted to take a similar path, the odds of jail time are actually pretty low.