Sunday, 19. October 2003

Taiwanese lawyer steals $100M from SanDisk


A Taiwanese lawyer has stolen approximately $100 million from memory-card maker SanDisk Corp., the company said on Wednesday. A senior associate at a Taiwanese law firm, Lee and Li Attorneys-at-Law, used a power of attorney to sell around 121 million shares of stock in Taiwanese contract chip maker United Microelectronics Corp. (UMC) owned by SanDisk, the statement said. SanDisk was advised of the theft by the law firm.

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