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Samsung Chief Jailed For Five Years For Bribery and Perjury (koreaherald.com)
A South Korean court on Friday sentenced Samsung Electronics Vice Chairman Jay Y. Lee to five years in jail on charges connected to the corruption scandal that led to former President Park Geun-hye's ouster. The Korea Herald reports: The Seoul Central District Court convicted Samsung's de facto heir of bribing former President Park Geun-hye and her close friend Choi Soon-sil in return for the government's help in tightening his control over Samsung Group, saying he was in position to benefit most from the bribery scheme. Lee, who has been detained since February, was found guilty of all five charges -- bribery, embezzlement, concealment of criminal proceeds, illegal transfer of assets overseas and perjury. The court said Lee and Samsung executives offered large bribes to the president, who held "immense power and the ultimate authority," and embezzled company funds, hid assets overseas and concealed profits from criminal acts in the process, all expecting a favor in the form of Samsung Group's smooth leadership transition. Lee is the first member of Samsung Group's ownership family to be sentenced to jail. He is set to appeal the decision. "The essence of the case is collusive ties between political power and capital power," presiding Judge Kim Jin-dong said. "As Samsung executives, they had a great deal of negative impact on society and the economy."
Look at the story of the VW engineer getting 2 years in prison, yet no word on the penalty his upper management will pay.
I really get the VW dude.
boss: "do this".
worker bee: "um, isn't that illegal?".
Boss: "let legal handle that".
worker bee: "um, I dunno".
Boss: wanna get fired?
worker bee: "yessir, be done by friday
As many as Hillary is getting.
Trump will get how many years for... Treason?
Probably none.
Hillary will get how many years for...?
Two things you don't want on your resume:
1. Whistle-blower
2. Illegal activity.
You quit and find another job before it happens. Now if afterward you are subpoenaed, then that's a different story like what happened to that accountant for Enron who sent all those internal emails to upper management stating her concerns about those shell companies. She did it the right way.
Because just going public, the company will discredit you and call you a disgruntled employee and most take the employer's word above the employee's every time. And in the meantime, bury any evidence of wrong doing.
Being a hero very very rarely pays - even IF you do get some money, your career is over; so it better enough to live on for the rest of your life - AFTER legal fees.
... more power
we live in a world controlled by the corrupt
I would appreciate some clarification on this. I had always thought that starting a business in East Asia involved a bit of expected bribery. If you want a business license a donation to the licensing board would be needed. Import licenses require more bribery. Police protection also requires the right hands to receive their "fragrant grease". The Samsung exec getting caught bribing is undoubtedly embarrassing for the company and country, but I would be expecting some sort of fancy slap on the wrist punishment (apology, resignation, new reforms promised...)
To be fair it here in the US it is much worse, except it is called "campaign donations".
Please clarify why this wasn't quietly handled and the news suppressed? (business as usual)
Jay "Wily" Y. Lee was up to something? Would have never guessed.
He'll only get it if he aids and comforts the Taliban.
AH So.... another white supremacist, like the rest of the post, its Trump or it's another Ah So racist
Billionaires are sposed to be above the law!
Good one! You making fun of the cartoon representation of the accent of a second language! LOLOL! How is your Korean, by the way?
No. Samsung is a monster. They build fighter jets as an afterthought. The very definition of "too big to fail"; 17% of S. Korea's GDP.
WTF does trump and/or treason have to do with this? You and/or people like you are the direct cause of Trump being in offense. It's how math works. Don't like it? Suck it the fuck up and try to change it. Either way gtfo slashdot talking about trump and treason in the comment section of an article talking about Samsung and embezzlement.
The U.S. should walk away from S. Korea and let them fend for themselves. It's not worth starting WW III over a corrupt little country like that. The time to stomp on N. Korea has long passed. And both Russia and China have shown they won't stand for a U.S. preemptive strike. So now that the entire world is laughing at your leader and you're on the verge of a full on race war the time for changes has come. Stick to chasing your own ass in Afghanistan.
Yeah, they make a decent TV so they should totally be above the law and do anything they want! Dump toxic waste in a school playground as far as I care, just make sure the next phone has $FEATURE on it!
Guys, fanboyism is dangerous.
Let me tell you, the Taliban, wonderful people, believe me, they have values, they're tough, conservative values, not like the media, the failing New York Times, all lies, horrible horrible people, I've got the biggest poll ratings, the biggest crowds, the biggest win ever. I love under-educated people. Me and the Taliban, we can shoot people in Times Square, and I'd be as popular as ever. Do you remember my win, my victory over crooked Hillary? Biggest ever, 'cause we're gonna have clean coal, clean wonderful coal, and the Taliban, they're gonna clean it all up, and we'll have millions and millions and millions of jobs, believe me.
It's how math works.
It's how math works? What?
I use MathWorks products often and believe me, Trump has nothing to do with it.
"As Samsung executives, they had a great deal of negative impact on society and the economy."
No kidding. Have you ever tried to use Samsung TVs and PVRs to play your own content? Works great from USB devices, almost never works properly across a network.