Records matter

“Former Mt. Gox Bitcoin Bigwig Unlikely to Do More Jail Time After Beating Embezzlement Charges,” The Wall Street Journal, March 15, 2019.  The former head of the largest bitcoin exchange was found guilty of creating false records, but acquitted of embezzlement and breach of trust.

Seldom do stories in the WSJ turn on a “records” violation, such as not keeping a document as long as the law requires.  But when you create a false “record,” you can get tagged, even if you were (allegedly) doing it for a benign purpose (here, making things run more smoothly).

Information, Governance, and Compliance.

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Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

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