SAITAMA — Saitama Prefectural Police have arrested a 56-year-old man from Kyoto Prefecture for allegedly swindling a resident right here out of greater than 5 million yen by posing as a company government in a bogus stock funding scheme, stories Nippon News Network (May 21).
Mikio Ichihara is accused of defrauding the sufferer, a person in his 60s, of 5.35 million yen in money on April 24. Ichihara allegedly tricked the person by claiming the cash was required as a “fee” to withdraw his beforehand invested funds.
Upon his arrest, Ichihara admitted to the fraud allegations. “I did it with the mindset of a part-time job, even though I suspected it was shady,” he instructed investigators.
According to police, the sufferer’s ordeal started in February when he clicked on a social media commercial for stock investments. He was subsequently fed faux funding pitches by people, together with a girl claiming to be an assistant at an funding agency, main him at hand over giant sums of cash.
Ichihara later stepped in, posing as an government of the faux firm, to extract the ultimate 5.35-million-yen fee.
The suspect additionally hinted at his involvement in a wider felony ring, confessing to committing related frauds throughout the Kanto, Kansai, and Kyushu areas. Police are presently investigating these connections to find out the total scope of the syndicate’s operations.