Investment Fraud: Great frauds in history: Takafumi Horie and Livedoor

15 Dec 2019 11:11 PM | Anonymous member (Administrator)

Born in the city of Yame in 1972, Takafumi Horie studied at the University of Tokyo before dropping out to found Livin’ on the Edge (renamed Livedoor in 2004), a web-services start-up that went public in 2000. Its rapidly-growing profits and soaring share price allowed it to go on series of acquisitions. Horie’s talent for self-promotion and his willingness to engage in hostile takeovers won him an equal number of admirers and detractors. At its peak Livedoor employed 1,000 people and had a market capitalisation of $7bn.

https://moneyweek.com/519277/great-frauds-in-historytakafumi-horie-and-livedoor/#.XfJY_Pn1MKM.twitter


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