Feb 28, 2015

Japanese ex-broker in Olympus fraud scandal settles with SEC

The U.S. Securities and Exchange Commission said it has reached a settlement with a former Japanese stockbroker over his role in the massive accounting fraud at Olympus Corp. Hajime Sagawa, a former employee of a major Japanese securities company and now a U.S. resident, ...

Feb 27, 2015

Suits filed against scope maker Olympus over U.S. superbug infection

Two lawsuits target the maker of a medical scope linked to the outbreak of a superbug at Ronald Reagan UCLA Medical Center. Attorney Pete Kaufman filed suit Monday on behalf of 18-year-old Aaron Young, who remains hospitalized after becoming infected, the Los Angeles Times ...

Oct 24, 2014

Western media distorts Japan


Those two favorite targets for Western moralizing about Japanese corporate corruption — Olympus (cameras) and Recruit (information) — are back in the headlines. Both typify the shallowness of much Western reporting in Japan.

Ailing Olympus hunts for new camera markets

May 29, 2014

Ailing Olympus hunts for new camera markets

Olympus Corp. said it’s looking for new camera markets such as sensors used in cars after forecasting a loss in the business for this fiscal year — its fifth straight annual deficit. The scandal-tainted camera maker, also the world’s biggest endoscope supplier, will spend ...

Apr 9, 2014

Banks sue Olympus for ¥27.9 billion over fraud

Olympus Corp. said Wednesday it’s being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud. The banks are seeking compensation for damages resulting ...