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Horie gets two and a half years March 16, 2007

Posted by fukumimi in crime, Economy & Business, Internet, IT, Japan.

So, the Tokyo District court has handed down a sentence of two and a half years to Takafumi Horie, the disgraced ex-CEO of Livedoor.

Horie had been charged with being actively involved in Livedoor’s false accounting and market abuse (manipulation of its share price by disseminating false or misleading information). The court ruled that Horie was guilty on both counts.

Horie is appealing his sentence.

More thoughts to follow…



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