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Lone Star's Korean head gets suspended jail term for inflating profits
SEOUL, May 2 (Yonhap) -- A Seoul court gave a suspended prison sentence to a Korean representative of U.S. buyout fund Lone Star Funds on Friday for spreading false investment information, but dismissed a more serious charge of embezzlement.
Jeong Heon-ju, a representative of Hudson Advisor Korea, which performs the management of assets acquired by Lone Star Funds' local unit, was sentenced to two years in jail, suspended for three years, and fined 500 million won (US$494,000).
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