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...CHARGED. Takafumi Horie, 33, founder and former CEO of Livedoor, one of Japan's largest Internet companies; with violating securities law, by a Tokyo district court; in Tokyo. Horie, whose arrest in January sparked a stock swoon that wiped out 80% of his company's market value, pleaded not guilty to allegations that he and other top executives falsified accounts and spread false information to boost share prices. An estimated 2,000 spectators lined up at the courthouse to see the tycoon, whose case has been widely covered in Japan...

Author: /time Magazine | Title: Milestones | 9/11/2006 | See Source »

...charges of insider trading; in Tokyo. Known for his confrontational attitude and Western-style shareholder activism, Murakami is accused of making over $26 million by buying shares of media firm Nippon Broadcasting System, allegedly with the knowledge that it was the target of a takeover bid by Internet company Livedoor. In a televised news conference last week, Murakami said that he "didn't mean to break the law," noting that while he had "heard" about the bid, he didn't believe Livedoor would carry it out. If convicted, he could face up to three years in prison...

Author: /time Magazine | Title: Milestones | 6/12/2006 | See Source »

...Democratic Party of Japan (DPJ), the country's largest opposition party, to take "full responsibility" for a scandal involving a colleague's unfounded bribery allegations; along with several other party members; in Tokyo. DPJ lawmaker Hisayasu Nagata admitted last month that he couldn't verify his accusation that Livedoor founder Takafumi Horie had bribed the son of the Liberal Democratic Party's secretary-general. "I hope this will renew the public's faith and rebuild the party," Maehara said upon stepping down...

Author: /time Magazine | Title: Milestones | 4/3/2006 | See Source »

...Tokyo Stock Shock "Living on the Edge" described the scandal about charges that the Japanese Internet company Livedoor was involved in illegal securities manipulation [Jan. 30]. Livedoor's founder and ceo, Takafumie Horie, had kept on holding press conferences because the company caters to naive individual shareholders who put their trust in what they see on TV. The comment by Horie, "What I care about most is the publicity the company gets," held to be true. The benefit everyone gains from the Livedoor shock is the awareness that the public needs to have a higher level of financial literacy. Livedoor...

Author: /time Magazine | Title: Letters | 2/19/2006 | See Source »

...terrorists and the ever increasing litany of human-rights abuses make me deeply uncomfortable with the U.S.'s role as self-declared protector of our society. Barry Meggs Dublin Tokyo Stock Shock "Living on the edge" described the scandal about charges that the Japanese Internet company Livedoor was involved in illegal securities manipulation [Jan. 30]. Livedoor's founder and CEO, Takafumie Horie, kept on holding press conferences because the company caters to naive individual shareholders who put their trust in what they see on TV. The comment by Horie, "What I care about most is the publicity the company gets...

Author: /time Magazine | Title: Barriers for German Women | 2/16/2006 | See Source »

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