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Around the same time, we learned that Mark only had one bank account, shared with Mt.Gox’s customer deposits.

4 thoughts on “Facepalm”

  1. Wow!

    I only have a simple rental condo, and for the sake of my ease of accounting, I have a whole separate checking account. You know, how much profit I made == Amount at the end of the year – Amount at the beginning of the year. And that’s mostly passive income investment.

  2. Ian B –

    Legality ain’t the issue, son. Proper segregation of funds is both Accounting and Banking 101.

    Anyway, I’m shocked. A completely unregulated currency created and administered by shadowy non-banking types for use in shadowy, unregulated business transactions. I looked at that set up a few years ago and asked myself what could possibly go wrong. Something like this is what sprang to mind.

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