8 Worst Corporate Scandals in Japan

8. Livedoor Corporation

$2 million

This Japanese company was an Internet service provider until it was knocked down in one of the worst corporate scandals in Japan. Tokyo prosecutors conducted a raid on the company’s locations and the homes of Livedoor’s executives, because of suspicions of security fraud. Takafumi Horie and four subsidiary executives were arrested for accounting and security fraud. Horie was convicted for two and a half years in prison because of his disrepute. During the next four months (2006), the company lost 90% of its stock price.

Shutter_M/Shutterstock.com