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You are here: Home / Archives for prison

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Judge Sends Samsung CEO Back to Prison for 2½ Years

January 19, 2021 by Ted Leave a Comment

Samsung vice chairman Jay Y. Lee
[Photo: AP]

Who Will Run the Company with Lee Incarcerated?

On Monday, Samsung Electronics Vice Chairman Lee Jae-yong – also known as JY Lee, J. Y. Lee or Jay Y. Lee – was sentenced to 2½ years in prison for his role in a bribery and embezzlement scheme to influence the President of South Korea in order to increase his share and power in the company. This development is big news in Korea. Samsung Electronics, part of the Samsung family of companies that is the largest conglomerate in South Korea, by itself represents almost 20% of the entire value of all exports from Korea.

See this sensational Samsung…ah…stuff!

[Read more…] about Judge Sends Samsung CEO Back to Prison for 2½ Years

Filed Under: Asian Connection, Law, Management, Manufacturers, News Tagged With: crime, Jay Y. Lee, prison, Samsung, Samsung Electronics

HARD TIME: Vann’s Ex-CEO Gets 5+ Years in Federal Prison

May 25, 2017 by Ted Leave a Comment

Judge: ‘…Arrogance, That Defies Explanation’

Photo of George Manlove, now with Velodyne
George Manlove

 

In February, we reported that George Leslie Manlove was convicted on approximately 170 out of a total of 200 Federal felony counts stemming from his tenure as CEO of the now-defunct Vann’s Electronics & Appliances in Montana. A few days ago, Manlove learned his fate in the form of a sentence from U.S. District Court Chief Judge Dana Christensen, and it wasn’t a pretty picture. Manlove has been ordered to serve a sentence of more than 5 years in a Federal Penitentiary.

See more on this fall from grace by Manlove, the former CEO of Vann’s… [Read more…] about HARD TIME: Vann’s Ex-CEO Gets 5+ Years in Federal Prison

Filed Under: Crime, Law, News, Pivot Point, Retailers Tagged With: George Leslie Manlove, George Manlove, prison, Vann's

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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