https://arstechnica.com/tech-policy/2017/08/samsung-heir-convicted-sentenced-to-5-years-on-corruption-charges/

Lee Jae-yong, the head of the Samsung Group empire, was convicted in a South Korean court Friday on corruption allegations. He was sentenced to five years in prison in connection to a bribery scandal that took down the nation's president, Park Geun-hye. Among other things, Lee was found to have paid Park bribes in exchange for favors.

The 49-year-old Lee, who is the heir to one of the world's largest companies, was also found guilty of perjury, embezzlement, and of hiding assets outside of South Korea following a six-month trial. The development comes two days after Samsung unveiled its latest flagship mobile phone, the Note8.