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Hyundai Chief Convicted of Embezzlement

washingtonpost.com — "Hyundai Motor Co. Chairman Chung Mong-koo was convicted Monday of embezzlement and other charges and sentenced to three years in prison over a slush fund scandal that has weighed on the world's sixth-largest automaker."

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  • sinner0423, on 10/12/2007, -15/+9Way to steal from a company that produces junk. Talk about adding insult to injury.
    • lupinus, on 10/12/2007, -5/+3Always knew there was something missing from my Hyundai
    • mgrucker, on 10/12/2007, -7/+24Hyundai doesn't make junk. That may have been true in the past but the reliability of Hyundai vehicles has been steadily rising. When you take into account the cost of the cars and long warranties they can be a very good deal. Honda cars were junk when they were introduced and look where that company is now.

      This is from a Consumer Reports article from 2004: "Of the 32 car models with the highest reliability ratings, 29 were from Japan-based manufacturers. Toyota, with 16, and Honda, with 7, had the most vehicles with top reliability ratings. South Korean automaker Hyundai's Sonata earned a top spot in the ratings this year, a first for that manufacturer."
    • shad0w, on 10/12/2007, -4/+12Why are people digging mgrucker down? He speaks the truth, the quality of Hyundai cars has been steadily increasing over the past few years. Like he said, Japanese cares were also once junk, but some now consider them more reliable than american cars.
    • lagrange, on 10/12/2007, -8/+5Because Digg is infested by a bunch of pretentious Prius driving Mac using hipster wannabes who's idea of saving the environment is throwing away $10,000 worth of toxic batteries every few years so they wont have to walk to work.
    • macmcrae, on 10/12/2007, -1/+3What kills me is how ceo's are ripping off corporations like mad and morons are screaming about how corrupt and out of control unions are. Open your eyes numbskulls. The gap between ultra rich and poor is growing exponentially world wide. And this kind of ***** is a perfect example of why.
    • intense321, on 10/12/2007, -0/+2@lagrange

      If you're gonna insult the entire digg community and sound like an idiot doing it, you might as well put forth just a little effort to get your grammar correct.
  • PeterA1, on 10/12/2007, -2/+3At a press conference he said "I'm sorry, so sorry" over 30 times at the brief public appearance. Seriously. Kekekekekke
    • rudy23, on 10/12/2007, -7/+16First time was for the scandal. remianing 29 were for the cars they make.
    • floppyparty, on 10/12/2007, -6/+25I'd rather drive a Hyundai then a Ford
    • zomgflamer, on 10/12/2007, -15/+3Mustang......Mmm Cobraaaa

      Hyundai???? = complete *****?
    • rtakach, on 10/12/2007, -0/+1way to take the opportunity to bash a ford...
      i don't know what ford had to do with this article, but you got 19 diggs for talking *****.
      awesome.
  • rudy23, on 10/12/2007, -7/+1What a boring article
  • JaneMay, on 10/12/2007, -0/+4"He'll still be able to run the company." Is he serious???
  • HeatVision, on 10/12/2007, -0/+6Worse yet, he totally stole Ronald Reagan's hairstyle.
  • weirdlookinguy, on 10/12/2007, -14/+3Hyundai makes trash anyways....
  • ziki, on 10/12/2007, -13/+3RIP Hyundai??

    PLEASE?!
  • knaps, on 10/12/2007, -0/+1Reminds me of that episode of Metalocalypse where Skwisgaar tries to use the word "embezzle" after he learns it.

    "Hey guys I haves a good use of the words ansbazel: my lungs, ansbazel, the air, from the Earth, as I cans breathe, it. Period."
  • huey253, on 10/12/2007, -2/+0SERVED.
  • Urusai, on 10/12/2007, -0/+6This is so unlike the American manufacturers, who just give themselves $100 million bonuses after losing billions of dollars. Why steal what you can take freely?
  • AceTracer, on 10/12/2007, -0/+2Didn't something similar happen to the chief of Daewoo? Those Koreans need to get their ***** together.
  • DeFex, on 10/12/2007, -0/+2How come when the CEOs rip off the company there is days or even weeks of jail time, but when the companies rip you off nothing happens at all.
  • yahoofrom, on 10/12/2007, -0/+1Trial of two ex-presidents,
    attempt to impeach the president,
    CEO in jail.

    Welcome to super-democratic Korea.

  • dirrtydirrty, on 10/12/2007, -0/+2When he gets out of jail, at least his car will still be under warranty.
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