Breaking Down the Barriers: G&C Debt Collection Law Office Takes Center Stage in TSR News, Shining a Light on Bankruptcy and Notable Company Insights

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*The image has no relation to the actual company.

Representative arrested for violation of Lawyers Act related to international romance fraud

On October 2nd, G&C Debt Collection Law Office (Kita Ward, Osaka City) received a decision to commence bankruptcy from the Osaka District Court. Attorney Hiromi Shioji (Shioji Law Office, 3-7-12 Namba, Chuo-ku, Osaka) was appointed as the bankruptcy trustee.
Total debt is approximately 960 million yen (as of the end of November 2023).

As a law firm, it provided legal advice. However, when Mr. Masaki Kawaguchi, the representative of our firm, took on cases related to damage recovery from many victims of so-called international romance fraud or international investment fraud, he gave his name as an attorney to clerks at advertising agencies. It was discovered that he had engaged in acts in violation of the Lawyers Act, such as having him use his services and having him handle legal affairs. Additionally, the advertisements displayed by our firm erroneously gave the impression that there was a high possibility of achieving a large amount of recovery, even though in reality it is generally difficult to recover damages from cases such as international romance fraud. .

According to a survey by the Osaka Bar Association, as of the end of November 2023, our firm has handled approximately 1,800 clients in cases involving international romance fraud, and the total amount of fees received was approximately 960 million yen. It is said that he was climbing the mountain. In response to this, the Osaka Bar Association announced in December of the same year that it had filed a disciplinary complaint against Mr. Kawaguchi in order to prevent further damage.

However, most of the deposit received by Mr. Kawaguchi has already been leaked to advertising companies, and it is thought that it will be extremely difficult to return the entire deposit to all victims, so the plan is to return only some creditors. Because it is undesirable that the majority of victims would not be able to receive compensation for their damages, on August 26th, the Osaka Bar Association filed for bankruptcy with the Osaka District Court, and on August 27th, a preservation order regarding the property was issued. (A non-payment order) had been issued.

Furthermore, on May 29, 2024, a total of five people, including Mr. Kawaguchi, were arrested by the Osaka District Public Prosecutors Office Special Investigation Department on suspicion of violating the Lawyers Act. Additionally, a website (https://www.gclo-kanzai.com/) has been established by the Bankruptcy Trustee’s Office in response to this matter.

*G&C Debt Collection Law Office (TSR company code: 692645586, 1-19-8 Tenjinbashi, Kita-ku, Osaka, Representative: Masaki Kawaguchi)