Livedoor’s CEO, Takefumi Horie, was arrestedon Monday evening on suspicion of manipulating stock prices by spreading false information. So now it is official. Accompanying the CEO are CFO, Ryoji Miyauchi, Director Fumito Okamodo and President of Livedoor Finance, Osanari Nakamura. Gee, that is just one short of a full house. According to reports Horie denied any involvement on his blog… Blogs. My god.

To get an idea of the mad panic that the revelations of shinnanegans going on at Livedoor had in Japan, one need look no further that the Tokyo Stock Exchange closing early last Wednesday as a result of record-levels of orders being placed (can you scream SELL SELL SELL?). Other startups on the little-league boards (Mothers, JASDAQ and the like) felt a lot of downward pressure on their prices. Everybody’s favorite pink mutant rabbit has not been left unscathed sinking down to 229 yen a share, but perhaps the mutant has other problems (like the Woody Boys who tried to usurp his position as company mascot).

Rather than prattle on, I think I might leave you in the hands of Rising Sun-Times’ own spoof-report Horie makes Jail bid.

« »