HomeLatestAccused crypto funding scammer faces jail

Accused crypto funding scammer faces jail

TOKYO, Jan 11 (News On Japan) –
In a fraud case involving funding in cryptocurrency by OZ Project, a person who performed a task in managing the belongings faces a five-year jail sentence.

The 49-year-old defendant, Takuya Hashiyada, who was in command of managing cryptocurrency belongings for OZ Project, is accused of deceiving 5 women and men out of over 6.4 million yen by presenting false funding alternatives in digital currencies utilizing AI. He denies the fees introduced in opposition to him.

During the trial on January 9, the prosecution acknowledged that Hashiyada dedicated a critical crime by illegally soliciting shoppers whereas absolutely conscious that his monetary administration was akin to a Ponzi scheme. They have demanded a sentence of 5 years in jail and a advantageous of 5 million yen.

The protection argued that Hashiyada solely carried out duties similar to creating accounts and transferring cash and didn’t obtain any compensation, claiming his innocence.


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