KANAGAWA (TR) – Kanagawa Prefectural Police have arrested three individuals for allegedly working an unlicensed funding enterprise that’s believed to have collected practically 500 million yen from over 30 individuals, stories the Asahi Shimbun (July 9).
On 11 events over a one-year interval by means of final August, Kiyofumi Takamori, the 77-year-old CEO of the Sapporo City-based funding firm Earth One, his spouse, 55-year-old Rika, and Yasunori Tanaka, 49, are suspected of gathering a complete of round 70.3 million yen in foreign exchange trade investments and not using a government-approved license from three clients, together with a girl in her 40s from Yokohama City.
In soliciting the funds, one of many suspects claimed, “If you invest, you will receive 10 times that amount in seven years.” The suspects additionally disguised the investments as being truly recommendation charges, calling them “advisory contracts.”
In commenting on allegations of violating the Financial Instruments and Exchange Act, Kiyofumi Takamori partially denied the allegations, “It’s true that we conducted transactions without registration, but we did not disguise the contracts.” Meanwhile, Tanaka admits to the allegations. Rika denies involvement.
According to police, no dividends had been paid to the three victims. As effectively, the suspects hardly responded to requests for refunds.
Prefectural police imagine that Takamori and his associates raised roughly 485 million yen from no less than 34 individuals between September 2021 and October 2024. Prefectural police are at present investigating the move of cash obtained from clients because the investigation continues.