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LiveDoor Tycoon Jailed

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Watch this video about securities fraud on HowStuffWorks. Thirty-four-year-old Takafumi Horie, who rattled corporate Japan with his celebrity lifestyle and brash take-over bids, was found guilty and sentenced to 30 months in jail for securities fraud; his company, LiveDoor, has since lost 80% of its value.

Source:

Reuters
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