TOKYO (TR) – Tokyo Metropolitan Police have arrested three individuals who’re suspected accumulating about 300 million yen from dozens of traders underneath the false promise of excessive returns, studies the Mainichi Shimbun (July 10).
According to police, Yusuke Watanabe, a 40-year-old resident of Sapporo City, Masae Ido, a 49-year-old momentary employee from Kawasaki City, and Aki Mizuno, a 49-year-old taxi driver from Osaka City, labored collectively to gather cash from victims underneath the guise that that they had inside info from “a super skilled trader from overseas.”
Between October 2021 and September 2022, the three suspects are suspected of working collectively to defraud 79.5 million yen from three folks, together with a girl in her 50s residing in Tokyo, by false claims that the funds can be invested in shares, digital currencies and different merchandise.
Police didn’t reveal whether or not the suspects admit to allegations of fraud.
“There is a world that ordinary people don’t know about”
According to investigators, the three suspects advised individuals they met at a networking occasion, “Our investment manager is a super skilled trader from a major overseas securities company.” They then solicited investments by claiming that they might “guarantee a monthly interest rate of 15 to 70 percent.”
A person who invested 28.5 million yen was advised, “If you invest, we can give you 1.38 times your money each month. There is a world that ordinary people don’t know about.”
However, there isn’t any proof that the cash the suspects raised was really invested. It is believed that Watanabe spent the vast majority of it on horse racing and international alternate margin buying and selling. At Watanabe’s directions, Mizuno despatched false emails to traders each month claiming that the funding was profitable.
A lady who invested tens of thousands and thousands of yen tells Nippon News Network (July 10) that Watanabe advised her that he’s “a highly skilled prop trader who set up a company in Singapore to help Japanese people.” She says, “At first the monthly interest rate was 15 percent, but for a limited time there was a minimum guarantee of 1.6 times that. So he would send messages on Line saying things like, ‘For example, if you put in this much it will become 100 million yen.’”
Police consider that the three suspects defrauded 133 victims out of roughly 300 million yen over a two-and-a-half 12 months interval from April 2020. The investigation is ongoing.