The Tokyo District Court sentenced Ryoji Miyauchi, former Livedoor Co. chief financial officer, to 20 months in prison Thursday for falsifying financial statements at the Internet firm but let three other executives walk away with suspended terms.
The court gave Fumito Okamoto, 39, former Livedoor director and president of Livedoor Marketing Co., and Osanari Nakamura, 39, former president of Livedoor Finance Co., suspended 18-month sentences, and former Livedoor Co. representative Fumito Kumagai, 29, a suspended one-year sentence for conspiring with Miyauchi, 39, to report a business 2003 pretax profit of 5 billion yen, when the firm had actually incurred a 300 million yen loss.
The ruling came just six days after Livedoor founder Takafumi Horie was given a 2 1/2-year prison term by the same court.