To me it's very clear that he's merely splitting up the money among several new addresses that he owns. I followed 2 paths from his ownership node from the main address, and you can tell hes sending it to relatively inactive owners (since these owners only own a single address and have no other owners who sent them money), which suggests hes just sending it to brand new addresses with relatively no activity.
I only found one deposit where he sent the money to Mt Gox, and another where he probably sent it to a different person. Then again, I only clicked around for a bit:

Here's his ownership node if any of you are interested ->
http://blockviewer.com/#/node/28274126