More than a year after their arrest in February 2012 for hiding massive corporate losses dating back to the 1990s, three former Olympus executives received suspended jail terms for crimes they admitted committing. In a story marked as one of the largest frauds in Japanese history, the executives conspired to cover up approximately $ 1.5 billion in investment losses. Olympus itself was fined ¥700 million (about $ 7 million) for the actions of Tsuyoshi Kikukawa, former chairman, Hideo Yamada, former auditor, and Hisashi Mori, former executive vice president.
News: Digital Photography Review (dpreview.com)