prison term


Daewoo's ex-chief receives jail sentence

Kim Woo-choong, the founder and former head of the Daewoo Group, was sentenced to 10 years in a South Korean prison for embezzlement, accounting fraud, and various other white-collar crimes of the type typically committed when a large company goes down the tubes. In all, Woo-choong was said to have been involved in a variety fraudulent transactions involving over $50B in company funds, as well as having embezzled $100M. In addition to the jail time (effectively a life sentence for a 69-year-old man), Woo-choong was forced to forfeit a ... Read more →

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Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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