10 Biggest Insider Trading Scandals Ever to Rock Companies

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3. Yoshiaki Murakami / Livedoor scandal

Often described as the Enron of Japan, the Livedoor scandal ranks 3rd in our list of biggest insider trading scandals ever to rock companies. It managed to singlehandedly bring the Tokyo Stock Exchange to a halt due to overloaded trading systems for the first time in its history. Just a few months later, Yoshiaki Murakami was arrested on charges of insider trading. Prosecutors claimed that Murakami used the information he obtained illegally from Livedoor executives to profit from their attempted takeover of Nippon Broadcasting. Murakami was sentenced to two years in jail, hit with a 3 million yen ($28,781) fine, and a record 1.15 billion yen ($11.03 million) surcharge.

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