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  • Japanese prosecutors raid Olympus offices

    Japanese prosecutors were a little late in their raiding of Olympus Corp.’s Tokyo offices on Tuesday, seeing as it’s been more than a month since the company owned up to more than a decade’s worth of accounting fraud that hid investment losses totaling $1.7 billion.

  • Report released on Olympus’s investment loss cover-up

    After a month-long investigation into Olympus Corp.’s massive cover-up of investment losses, a report was released yesterday by an independent panel claiming three former chairmen, three senior aides and other governing members of the Japanese company who did nothing to stop it were “rotten to the core,” and that everyone...

  • Olympus admits to hiding losses

    Olympus Corp. announced yesterday that it has been covering up investment losses for decades—relying on acquisitions of other companies to hide the losses.

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