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Warrant issued for ex-chief of Samsung for market manipulation and fraud | AppleInsider

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&nbsp;&nbsp;&nbsp;AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.South Korean authorities have issued another warrant for the arrest of the "Crown Prince of Samsung," Lee Jae-yong, just two years after his bribery charges were pardoned. — often referred to as Jay Y. Lee in English speaking countries — has found himself in hot water once again. The de facto head of has been accused of manipulating markets and accounting fraud. According to prosecuters have been investigating suspicions surrounding the merger of Samsung C&amp;T and Cheil Industries. The arrest warrant was issued on June 4 and serves Lee, as well as two former Samsung executives — Choi Ji-sung, former head of the group's Future Strategy Office, and Kim Jong-joong, former head of the U.S. strategy team. The trio was charged with committing illegal transactions, market manipulation in violation of the Capital Markets act, and accounting fraud in breach of the Act on External Audit of Stock Companies. Lee had asked the Seoul Central District Prosecutors' Office to allow for independently contracted experts, not prosecutors, to determine whether or not his indictment is valid. The Prosecutors' Office plans on convening a citizen prosecutorial committee to decide whether it is appropriate for experts or prosecutors to determine Lee's indictment. In 2017, he was for his role after a six-month trial, and other charges relating to a national scandal that saw the downfall of former Korean President Park Geun-hye. in time for Samsung to sponsor the 2018 Pyeongchang Winter Olympic Games. his father, Lee Kun-hee, was identified by police as a suspect in a tax evasion case, after authorities discovered evidence that 8.2 billion won ($7.5 million) in taxes had been avoided by concealing them in fraudulently opened accounts.Yet another one?!Yikes, they seem to have an endless supply.&nbsp;It takes balls for the Korean prosecutors to go after this family. They are protected by many in high places and going after them could be, at a minimum, career limiting and, potentially, much much worse. The power of the chaebol cannot be overstated.said:It takes balls for the Korean prosecutors to go after this family. They are protected by many in high places and going after them could be, at a minimum, career limiting and, potentially, much much worse. The power of the chaebol cannot be overstated.I think the bribes stopped coming, so now they actually have to do their job.&nbsp;I remember when Apple and Samsung were aggressively suing each other and Samsung had a good PR smear against Apple to get many journalists to side with Samsung. At the time I read an article where a journalist showed how Samsung ripped off Dyson’s design for a vacuum. It look almost identical to Dyson’s product and Samsung explained it wasn’t similar and it was just coincidental that the product looked almost exactly like Dyson’s.&nbsp;Sometimes there just aren’t enough bribes.said:said:It takes balls for the Korean prosecutors to go after this family. They are protected by many in high places and going after them could be, at a minimum, career limiting and, potentially, much much worse. The power of the chaebol cannot be overstated.I think the bribes stopped coming, so now they actually have to do their job.&nbsp;I remember when Apple and Samsung were aggressively suing each other and Samsung had a good PR smear against Apple to get many journalists to side with Samsung. At the time I read an article where a journalist showed how Samsung ripped off Dyson’s design for a vacuum. It look almost identical to Dyson’s product and Samsung explained it wasn’t similar and it was just coincidental that the product looked almost exactly like Dyson’s.&nbsp;Samsung has no shame.&nbsp;Please enable JavaScript to comment&nbsp;An app called Diffusion Bee lets users run the Stable Diffusion machine learning model locally on their Apple Silicon Mac to create AI-generated art. 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Here's what's different and if it's good enough for an upgrade.The Apple Watch Series 8 and Apple Watch Ultra are the company's newest wearable accessories, and these are the features that might tempt new buyers or Apple Watch Series 7 owners.&nbsp;Apple has shared a new video that explains how its new Crash Detection feature can detect serious car crashes and alert emergency responders automatically.An app called Diffusion Bee lets users run the Stable Diffusion machine learning model locally on their Apple Silicon Mac to create AI-generated art. Here's how to get started.Safari 16.0 has been released for Apple's ecosystem, with the latest version of the browser for iOS 16 now able to open AVIF images ahead of similar support in macOS Ventura and iPadOS.For 72 hours only, save $150 on Apple's upgraded MacBook Air M2 at Apple Authorized Reseller B&amp;H Photo. Plus, enjoy free expedited shipping in the contiguous U.S.Users who were trying to accept new App Store terms and conditions in the wake of the iOS 16 or iOS 15.7 updates were getting blocked by a recurring error.It's been a rocky road to the iOS 16 launch. Here are the high-profile features that didn't debut in the initial release of Apple's operating system.A future update to iOS 16 will make the iPhone even more environmentally friendly, with Clean Energy Charging prioritizing recharging at times when cleaner energy sources are available.In September 2017, Tim Cook said the iPhone X would "set the path for technology for the next decade." Halfway through that decade, it looks like Cook was right.An app called Diffusion Bee lets users run the Stable Diffusion machine learning model locally on their Apple Silicon Mac to create AI-generated art. Here's how to get started.Apple announced iCloud Shared Photo Library as part of iOS 16, but it appears that the feature won't arrive in the iOS 16 release on September 12.An SEC filing from Globalstar reveals that Apple plans to use 85% of its current and future network capacity for its services to iPhone 14 consumers, and pay for future satellite upgrades.It's been a rocky road to the iOS 16 launch. Here are the high-profile features that didn't debut in the initial release of Apple's operating system.Apple's annual update to its operating system brings new features and much-needed changes. Here are the stand-out features in iOS 16.Apple's "Far Out" event is on September 7. Beyond the new iPhone 14, here's what to expect from September's Apple event — and beyond.Apple's iOS 16 will make the iPhone more customizable than ever. 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&nbsp;&nbsp;&nbsp;AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.South Korean authorities have issued another warrant for the arrest of the "Crown Prince of Samsung," Lee Jae-yong, just two years after his bribery charges were pardoned. — often referred to as Jay Y. Lee in English speaking countries — has found himself in hot water once again. The de facto head of has been accused of manipulating markets and accounting fraud. According...

Warrant issued for ex-chief of Samsung for market manipulation and fraud | AppleInsider

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