Eight individuals, together with the president of a consulting firm in Tokyo, had been arrested on suspicion of fraud, saying that they had been amassing cash with a fictitious funding story that stated, “If you invest in an overseas fund, you can receive a 4% dividend every month.” I discovered this from interviews with investigators.
The Metropolitan Police Department believes that about 20 billion yen was collected primarily by younger individuals of their 20s and 30s, and plans to make clear the entire story.
A complete of eight individuals had been arrested, together with Kota Morino (38), the president of the Tokyo-based consulting agency FRich Quest, and staff of the corporate.
According to investigative sources, the president and others claimed that they might obtain a 4% dividend every month in the event that they invested in a hedge fund within the Indian Ocean island nation of Seychelles. There is a suspicion of fraud by defrauding 4 individuals of a complete of 56.8 million yen within the identify of funding.
When the Metropolitan Police Department investigated, it was discovered that the funds obtained by the corporate from prospects weren’t really despatched to the fund.
The Metropolitan Police Department believes that the president and others collected about 20 billion yen from greater than 3,000 individuals nationwide, primarily younger individuals of their 20s and 30s, and plans to make clear the entire image.