Ex-Banker Pleads Guilty in Olympus Fraud Case
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A former Commerzbank AG and Societe Generale SA banker admitted to aiding Olympus Corp.’s $1.7 billion accounting fraud.
Chan Ming Fon, a Taiwanese citizen, pleaded guilty to a single charge of conspiracy to commit wire fraud in a hearing today in Manhattan. Chan, who was arrested Dec. 20 in Los Angeles, is cooperating with the government’s investigation in hopes of leniency.