THE MAN WHO SHUT DOWN TRADING IN THE TOKYO MARKET Fraud artist or change agent, Livedoor leader has shaken up Japan
26th Jan 2006, 06:50 GMT
Ever since he dropped out of university, Japanese entrepreneur Takafumi Horie has worked to become famous. This week, he succeeded beyond his wildest dreams. The saga of Mr. Horie and Livedoor Co., the Japanese Internet company whose legal woes are being blamed for a wild selling spree on world stock markets, is not such an unusual one. An aggressive, thirtysomething entrepreneur thumbs his nose at the establishment; his company, a serial acquirer, grows like Topsy until it commands a multibillion-dollar market value and three-digit price-earnings multiple; everything looks great until the regulators come around with accusations of funny accounting or false disclosure. (INSIDER Edition subscribers only)
THE MAN WHO SHUT DOWN TRADING IN THE TOKYO MARKET Fraud artist or change agent, Livedoor leader has shaken up Japan related news:
- Nikkei off highs as Livedoor starts trading — KeralaNext: Business
- Livedoor CEO Horie arrested on fraud charges — World business, finance and political news from the Financial Times– FT.com Europe
- TSE to limit Livedoor stock's trading to 90 minutes from Wed — KeralaNext: Business
- Commentary: Old Japan strikes back — Marketplace by Bloomberg - International Herald Tribune
- Livedoor scandal for dummies — Digital World Tokyo
- Nikkei sheds gains on Livedoor concerns — KeralaNext: Business
- Livedoor CEO denies fraud allegations — Breaking Business (AP)
- Livedoor shares resume trading — thestar.com: Breaking News
- Nikkei rises back to pre-Livedoor saga level — Reuters: Business News
- Update: Livedoor CEO, other execs arrested — InfoWorld: Top News