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© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Ex-bank executive pleads guilty in Olympus fraud
By LARRY NEUMEISTER NEW YORK©2024 GPlusMedia Inc.
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waltery
$10 Million off a shell game! This guy should be in the Guinnes Book of Records.
sangetsu03
Chan was a non-Japanese who is being tried in America, so he will probably receive a far harsher sentence than the executives he helped, who walked away with suspended sentences, and relatively light fines. Had they committed this fraud in America they would have died of old age in prison.
nath
Why is he a banker and not a fund manager? Which bank did he work for?
3RENSHO
"Chad received more than $10 million in compensation for cooperating with the corrupt executives."
Chad who?
smithinjapan
"A Japanese judge said in July that executives used their authority and financial expertise to carry out a fraud that undermined faith in the Tokyo stock market and shook corporate Japan’s international credibility."
And then handed out suspended sentences to all of them. So what?