Menu
Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Stock Manipulation
The chairman and president of S-Oil Corporation were jailed and fined for stock price manipulation and accounting irregularities. Chairman Kim Sun Dong was jailed for three years for stock manipulation and accounting fraud; president Yoo Ho Kee was sentenced to 10 months in jail and a suspended prison sentence of two years for accounting fraud. The court also imposed a fine of approximately $240,500 on S-Oil. The government alleged that Kim and Yoo reaped $67.7 million in profits by inflating the company’s stock price between March 2000 and May 2002.
- Misconduct Type
- Securities
- Enforcement Agency
- International
- Contracting Party
- None
- Court Type
- Criminal
- Disposition
- Found Guilty
- Date of Sentence
- 10/16/2002
Further Information |
Released |