US Hits Taiwan LCD Maker With Whopping 500 Million Fine!!

[LARGEST FINE EVER]

NEW YORK (CNNMoney)-- A Taiwanese LCD screen maker was hit Thursday with a $500 million fine for price-fixing, a penalty that tied for the largest ever in an American antitrust case.
A federal judge in San Francisco levied the fine against Taiwan's AU Optronics Corporation for its participation in a conspiracy with other companies to fix LCD prices. In addition, two former AU Optronics executives -- ex-president Hsuan Bin Chen and former executive vice president Hui Hsiung -- received three-year prison terms.

"This long-running price-fixing conspiracy resulted in every family, school, business, charity and government agency who bought notebook computers, computer monitors and LCD televisions during the conspiracy [paying] more for these products," the Justice Department's Scott Hammond said in a statement.
AU Optronics said it "regrets" the judgment and plans to lodge an appeal.
"The trial demonstrates that there are certain important, yet unresolved, legal questions surrounding this matter," the company said in a statement.

[Filmalay]

As I said and I say it again, don't ever trust any Chinese you meet in the streets or anywhere. Be very suspicious on their activities for they don't do anything good. They scam people anytime anywhere whenever they have chance.

[lct]

easy, sell $1 billion USA bonds, then lend them to Taiwan.

Intel want to buy sharp for $30 billion, sell $60 billion usa bonds so they will have to sell intel to us.:)