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PeterGibbons
Joined: 08 Jan 2006
Posts: 128
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 Posted: Thu Jan 19, 2006 5:27 pm Post subject: Crucial Livedoor witness found dead |
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Crucial Livedoor witness found dead
FT.com, Thursday, January 19, 2006
A crucial witness to events at Livedoor, the Japanese internet group, appeared to have committed suicide on Thursday, complicating the investigation into alleged market manipulation and financial wrongdoing by the company.
Hideaki Noguchi, a former Livedoor group executive, was confirmed dead in the southern prefecture of Okinawa. There was no official statement on the cause of death, but Japanese broadcasters said he was found with his wrists slit.
Mr Noguchi, who was representative vice-president of HS Securities, a Tokyo broker, had previously been a senior executive in Livedoor group companies.
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Peter Gibbons
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iFinancialAdviser
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Joined: 28 Dec 2004
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| Posted: Thu Jan 19, 2006 8:35 pm Post subject: |
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I feel bad for the buy, but I also found it a very interesting news. Taking responsibility by committing suicide is kind of traditional and it is still taking place in Japan.
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PeterGibbons
Joined: 08 Jan 2006
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| Posted: Thu Jan 26, 2006 4:56 am Post subject: |
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Yes, this whole story is really eerie. It is like a Shakespeare tragedy. I did not know what was really going on when I first heard bits and pieces of the story, but now that it has unraveled, it seems like a tough way to approach the problems he was about to face.
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Peter Gibbons
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iFinancialAdviser
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| Posted: Thu Jan 26, 2006 9:40 pm Post subject: |
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Livedoor stock has been trading like crazy. The company lost several billion dollars worth of market share, and the price is still going down. After all, the company wasn't making any money, so there is a good chance that the stock will become absolutely worthless. 8, 9 billion dollars just disappear within a month. Quite a story ...
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PeterGibbons
Joined: 08 Jan 2006
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| Posted: Mon Feb 13, 2006 4:05 am Post subject: |
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Yes, whoever sold short when the news broke is raking it in. Was Livedoor trading options? If so, the puts probably went nuts for a while...
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Peter Gibbons
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iFinancialAdviser
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| Posted: Mon Feb 13, 2006 7:15 am Post subject: |
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| PeterGibbons wrote: |
| Was Livedoor trading options? If so, the puts probably went nuts for a while... |
I don't know. What I do know is that the president/ceo of the company admitted that he instructed to cook the company's book (which we all knew ...).
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PeterGibbons
Joined: 08 Jan 2006
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| Posted: Tue Feb 14, 2006 2:51 pm Post subject: |
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Cooking the books. I wonder if that is ever going to be a featured recipe on the Martha Stewart Show? 
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Peter Gibbons
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