Mt. Gox Founder Can't Ditch Bitcoin Fraud Suit In Penn.

Law360 (July 26, 2019, 7:10 PM EDT) -- A federal judge in Philadelphia ruled Friday that the founder of bitcoin exchange Mt. Gox can't escape class action fraud claims filed in his court, saying the defunct exchange clearly did business with investors in Pennsylvania.

Not unlike a federal judge in Illinois, U.S. District Judge Robert F. Kelly isn't letting Mark Karpeles off the hook for fraud and negligence claims tied to Mt. Gox's highly publicized 2014 collapse.

Just as he did in Illinois, and a voluntarily dismissed suit in California, Karpeles had argued that the Pennsylvania federal court lacked personal jurisdiction over him as a French citizen who lives...

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