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Judge Recommends Jail for Girls Gone Wild Founder Joe Francis – Wall Street Journal (blog)

Wall Street Journal (blog)Judge Recommends Jail for Girls Gone Wild Founder Joe FrancisWall Street Journal (blog)In court papers, U.S. Bankruptcy Court Judge Sandra Klein recommended jail time for Mr. Francis after he failed to turn over luxury cars owned by Girls Gone Wild to the lawyers who are handling the bankruptcy of the porn business. The Girls Gone Wild …and more »

Mt. Gox trustee leaves door open to revival of Bitcoin exchange (PC World)

The trustee overseeing the carcass of Mt. Gox, once the world’s largest trading platform for Bitcoin, told investors Wednesday that the company could be revived.
Speaking to a meeting of people whose bitcoins evaporated in the fall of Mt. Gox, Nobuaki Kobayashi said he is searching for a company that wants to take over the business.
“Several companies showed interest and I continue to conduct the selection process,” the court-appointed lawyer wrote in a document posted to the Mt. Gox website.
The statement follows a liquidation order by the Tokyo District Court, where Mt. Gox filed for bankruptcy on Feb. 28 with liabilities of ¥6.5 billion ($63.6 million).
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