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Former Alaska lawmaker sentenced in bribery case

Thursday, May 8th, 2008 by admin

By DAN JOLING, Associated Press Writer
10 minutes ago
 ANCHORAGE, Alaska - A former Alaska legislator convicted of taking bribes to push legislation for a major natural gas pipeline has been sentenced to 3 1/2 years in prison.
Former Republican state representative Vic Kohring (KOHR’-ing) was sentenced Thursday in federal court. He was convicted in November of three corruption charges.

Kohring was convicted of accepting at least $2,600 from executives of VECO Corporation. The influential Alaska company provided engineering, construction and facility maintenance services to oil producers.

Prosecutors say Kohring used VECO CEO Bill Allen as a human ATM machine, tapping him for handouts of $600 to $700 at a time.

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Samsung chairman, son, and others resign in shame

Tuesday, April 22nd, 2008 by admin

breaking news, BreakingNews, bribery, legal, resignation, samsung, slush fund, SlushFund

After years of whispers which ultimately turned to shouts of corruption, Lee Kun-hee, Chairman of Samsung and son of Samsung’s founder, has resigned following an indictment on tax evasion charges. Lee said, “We, including myself, have caused troubles to the nation with the special probe. I deeply apologize for that, and I’ll take full responsibility for everything, both legally and morally.” Lee Jae-yong, the Chairman’s son and heir to the Samsung throne also resigned as did Vice Chairman Lee Hak-soo, Lee’s closest advisor. Lee Soo-bin, chairman of Samsung Life Insurance, takes on representation for Samsung Group although the group chairman position remains unfilled. So it’s over. Now lick your wounds Sammy and get back to your hyperbolic announcements of world’s first, fastest, biggest, etc… we miss you.

[Thanks, Dave L.]

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