History repeats itself.
Samsung Electronics
Vice Chairman Lee Jae-yong's conviction on multiple corruption charges
on Friday has brought back memories of the humiliation that has haunted
the nation's biggest business empire's owner family for three
generations.
The Seoul Central District Court
sentenced Lee, 49, to five years in prison on Friday. He was found
guilty of bribery, embezzlement, concealment of criminal proceeds,
illegal overseas asset transfer and perjury in a massive corruption
scandal that led to the ouster of former President Park Geun-hye.
The
court said Lee is believed to have been involved in Samsung's provision
of 7.2 billion won ($6.38 million) in bribes for the equestrian
training of the daughter of Park's longtime friend and confidante Choi
Soon-sil.
Lee's lawyer said he will appeal the ruling.
Since 1966
It
started in 1966 when the progenitor of Samsung, Lee Byung-chul, was
forced to step down to take responsibility for the "saccharin smuggling
scandal."
His second son was caught smuggling 50
tons of saccharin into the country as construction material. Then
President Park Chung-hee ordered an investigation and Lee faced the risk
of being prosecuted. But the street-smart businessman knew how to
survive. Lee "donated" his fertilizer plant to the government and
"voluntarily" stepped down as the firm's CEO. In return, Lee avoided
prosecution.Nearly three decades later, the specter of prosecution came to Lee's son, Kun-hee.
Lee
Kun-hee, 75, chairman of Samsung Electronics, has been in hospital
after a heart attack in May 2014. He received a suspended jail term in
1995 for paying bribes to former presidents Chun Doo-hwan and Roh
Tae-woo.
http://www.koreatimes.co.kr/www/nation/2017/08/251_235395.html
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Saturday, August 26, 2017
Friday, August 25, 2017
IT NOW BECOMES CLEAR WHY THE JEWISH COMMUNITY HAVE ALWAYS BEEN SUSPICIOUS OF REPUBLICANS CONSIDER WHEN THE VERY NATURE OF WHITE SUPREMACISTS RUNNING OVER MULTIPLE ANTI FASCIST GROUP MEMBERS AND KILLING A PERSON A WOMAN IN THE PROCESS AT THAT AND ALL RHETORIC FROM THE POTUS TRUMP IS BOTH SIDES AT FAULT IN CHARLOTTSVILLE - BRINGS ONE TO UNDERSTAND WHY CEOS ARE FLEEING AND GARY COHN RETORTS THE WHITE WASHING OF THE WHITE SUPREMACIST TERRORIST ACTION AGAINST US AMERICANS - WHERE SUCH ACTION REQUIRES GREATER CONDEMNATIONS FROM THE PRESIDENT OF THIS UNITED STATES
Gary Cohn, President Donald Trump's top economic adviser, has
criticized the White House's response to Charlottesville,
Virginia, in his first public remarks about the deadly violence
earlier this month.
"This administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities," Cohn told the Financial Times.
Cohn said he felt compelled "to voice my distress over the events of the last two weeks."
Cohn, who is Jewish, was reportedly "disgusted" and "appalled" with Trump's response to white nationalists' role in the violence in Charlottesville. The president blamed "both sides" for the violence, which left one counterprotester dead.
"Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK," Cohn told the FT.
After Trump's remarks, Cohn said, he felt "enormous pressure" both to resign and to stay in the administration. But he told the FT he was "reluctant" to leave based on a "commitment" to the American people.
False rumors that Cohn was leaving the White House after Trump's remarks spooked Wall Street, appearing to spark a sharp dip in the S&P 500.
As Business Insider's Bob Bryan notes:
Nearly 400 of Mnuchin's Yale University classmates signed a letter strongly urging him to resign.
Mnuchin, however, put out a statement actively defending his boss.
"While I find it hard to believe I should have to defend myself on this, or the president, I feel compelled to let you know that the president in no way, shape or form, believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways," Mnuchin wrote.
http://www.businessinsider.com/gary-cohn-trump-must-do-better-after-charlottesville-2017-8
"This administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities," Cohn told the Financial Times.
Cohn said he felt compelled "to voice my distress over the events of the last two weeks."
Cohn, who is Jewish, was reportedly "disgusted" and "appalled" with Trump's response to white nationalists' role in the violence in Charlottesville. The president blamed "both sides" for the violence, which left one counterprotester dead.
"Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK," Cohn told the FT.
After Trump's remarks, Cohn said, he felt "enormous pressure" both to resign and to stay in the administration. But he told the FT he was "reluctant" to leave based on a "commitment" to the American people.
False rumors that Cohn was leaving the White House after Trump's remarks spooked Wall Street, appearing to spark a sharp dip in the S&P 500.
As Business Insider's Bob Bryan notes:
"Finance-focused political analysts warned after the rumors that
there could be a serious loss of investor confidence if Cohn were
to depart Trump's administration. Some observers doubt the
business-friendly and economically stimulative policies on taxes
and infrastructure promised by Trump can actually materialize
without Cohn in the White House."
Trump's Treasury secretary, Steve Mnuchin, who also is Jewish,
also faced pressure to resign following the president's remarks.
Nearly 400 of Mnuchin's Yale University classmates signed a letter strongly urging him to resign.
Mnuchin, however, put out a statement actively defending his boss.
"While I find it hard to believe I should have to defend myself on this, or the president, I feel compelled to let you know that the president in no way, shape or form, believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways," Mnuchin wrote.
http://www.businessinsider.com/gary-cohn-trump-must-do-better-after-charlottesville-2017-8
Thursday, August 24, 2017
SAMSUNG HEIR LEE JAE-YONG GETS READY FOR HIS VERDICT THIS FRIDAY ON CHARGES OF CORRUPTION AS THE SAMSUNG NOTE 8 GETS ITS DAY TO SHINE
On the eve of the court’s Friday ruling on Samsung’s de facto leader,
tension mounted in South Korea’s corporate community over how the
tycoon’s fate would impact the future of the world’s largest producer of
smartphones and microchips.
On 2:30 p.m. Friday, a local court in Seoul is to deliver its ruling on Samsung Electronics Vice Chairman Lee Jae-yong, who is accused of five charges including bribery, flight of capital and embezzlement. The court decided to deliver the verdict without live coverage.
A special counsel has requested the court to sentence Lee to 12 years in jail, claiming that he provided financial assistance worth 43 billion won ($38 million) to the daughter of former President Park Geun-hye’s longtime friend in exchange for business favors.
http://www.koreaherald.com/view.php?ud=20170824000706
On 2:30 p.m. Friday, a local court in Seoul is to deliver its ruling on Samsung Electronics Vice Chairman Lee Jae-yong, who is accused of five charges including bribery, flight of capital and embezzlement. The court decided to deliver the verdict without live coverage.
A special counsel has requested the court to sentence Lee to 12 years in jail, claiming that he provided financial assistance worth 43 billion won ($38 million) to the daughter of former President Park Geun-hye’s longtime friend in exchange for business favors.
http://www.koreaherald.com/view.php?ud=20170824000706
THE NEW JERSEY SENATOR ROBERT MENENDEZ (D-NJ) READY TO GO TO TRIAL SEPTEMBER 6TH ON CORRUPTION CHARGES
This year, the Senate has demonstrated the importance of a single
vote. Betsy DeVos’s controversial confirmation as education secretary
happened only with the tiebreaking vote of Vice President Pence. In late
March, Pence again broke a tie on legislation limiting federal funds to
abortion providers.
And last month, Sen. John McCain (R-Ariz.) defeated the GOP’s effort to repeal the Affordable Care Act with a single flick of his thumb.
There’s more on the way. Later this fall, President Trump’s agenda could be impeded by a one-man blockade, Sen. Robert Menendez, who by then could be a felon.
The trial of the New Jersey Democrat, indicted two years ago on corruption charges, is set to begin Sept. 6 in a federal courthouse in Newark. A 12-person jury was seated this week. The trial is expected to last well into October; by Halloween, Menendez could be the first sitting senator in nine years to become a felon.
https://www.washingtonpost.com/powerpost/in-the-year-of-the-deciding-vote-one-democrats-corruption-trial-could-change-the-senate--or-not/2017/08/24/d416ec2c-88e4-11e7-a94f-3139abce39f5_story.html?utm_term=.f6679fe96216
And last month, Sen. John McCain (R-Ariz.) defeated the GOP’s effort to repeal the Affordable Care Act with a single flick of his thumb.
There’s more on the way. Later this fall, President Trump’s agenda could be impeded by a one-man blockade, Sen. Robert Menendez, who by then could be a felon.
The trial of the New Jersey Democrat, indicted two years ago on corruption charges, is set to begin Sept. 6 in a federal courthouse in Newark. A 12-person jury was seated this week. The trial is expected to last well into October; by Halloween, Menendez could be the first sitting senator in nine years to become a felon.
https://www.washingtonpost.com/powerpost/in-the-year-of-the-deciding-vote-one-democrats-corruption-trial-could-change-the-senate--or-not/2017/08/24/d416ec2c-88e4-11e7-a94f-3139abce39f5_story.html?utm_term=.f6679fe96216
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