|
 TOKYO (AP) - A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports Thursday in a scandal that destroyed one of the country's highest-flying Internet startups.
The rulings followed Livedoor founder and former CEO Takafumi Horie's conviction last week on similar charges of securities laws violations and his prison sentence of 2 1/2 years. Horie, who had pleaded not guilty, immediately appealed the decision.
On Thursday, Ryoji Miyauchi, Livedoor's former chief financial officer, was sentenced to 20 months in prison after he pleaded guilty. Three other former executives, who pleaded guilty to some of the charges, were given suspended prison terms, avoiding time in prison.
|