Four Livedoor Execs Sentenced in Japan
A Japanese court on Thursday sentenced the former chief financial officer of scandal-tainted dot-com company Livedoor to 20 months in prison for inflating earnings reports.
Ryoji Miyauchi and other Livedoor executives were accused of using a complex set of such schemes to fabricate 5 billion yen, or $42.5 million, in profit. Tokyo District Court Judge Toshiyuki Kosaka has said Miyauchi was the chief architect of some of the schemes.
Two other Livedoor officials, Fumito Okamoto and Osanari Nakamura, were each given a 1 1/2-year term with a three-year suspended sentence. A third, Fumito Kumagai, received a one-year prison term with a three-year suspended sentence.
