Japanese court convicts 4 Livedoor executives
From the Associated Press
A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports in a scandal that destroyed one of the country’s highest-flying Internet start-ups.
The rulings followed Livedoor founder Takafumi Horie’s conviction on similar charges last week and his prison sentence of 2 1/2 years.
Horie lieutenant Ryoji Miyauchi, Livedoor’s former chief financial officer, was sentenced to 20 months in prison. Three others were given suspended prison terms.
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