Tag Archives: Livedoor

Takafumi Horie – Japan’s brash dotcom entrepreneur heads to jail

Sporting a mohican haircut and a protest T-shirt, Japan’s maverick internet tycoon Takafumi Horie headed to a Tokyo jail to serve a two-and-a-half-year sentence for accounting fraud.

The flamboyant dotcom entrepreneur – who shook up Japan Inc’s often staid ways with his media-savvy persona and hostile takeover bids – has long insisted he is a victim of the establishment.

Horie, 38, was sentenced by the Tokyo district court in 2007 for falsely reporting a pre-tax profit of five billion yen ($57.83 million at today’s rates) to hide losses at the internet service provider.

Read the rest of the story: Japan’s brash IT tycoon heads to jail.

http://www.youtube.com/watch?v=Ydu_0tJqfGk

Japan Livedoor tycoon Horie to be jailed

JAPAN’S disgraced Livedoor tycoon Takafumi Horie is to be jailed for accounting fraud after the country’s Supreme Court rejected his appeal, media reports said on Tuesday.

Horie, 38, who founded the once high-flying Internet service provider Livedoor, had appealed against a 2008 ruling by the High Court sentencing him to two years and six months in jail for his involvement in the case.

He was originally convicted by the district court in 2007 for falsely reporting a pre-tax profit of five billion yen (S$75.6 million) to hide actual losses through an elaborately crafted acquisition scheme.

Read the rest of the story: Japan Livedoor tycoon Horie to be jailed.