Three ‍Arrested for‍ Alleged 2.2 Billion Yen Investment Scam

On September 19, three individuals, including ‌a ⁢34-year-old lawyer, were ⁢taken into‍ custody by‍ the Nagoya District Public Prosecutors Office Special Investigation Division for⁤ allegedly defrauding 2.2 ‍billion yen in cash‌ through fictitious investment schemes.

The suspects, ⁣Hirokazu‌ Saito, a lawyer ⁤from Kiyosu City, Aichi Prefecture, and Toshiki Onitsuka, ⁢an unemployed⁤ man living in Tokyo, are believed to‍ have proposed fake investment opportunities related to government bonds to three‌ elderly individuals between the ages of 63 and 79.

By early May ⁢2024, the suspects allegedly convinced the victims to pay a‌ total of​ 2.2 ⁤billion yen⁢ in cash as collateral,⁢ promising them investment gains six months later. The victims were instructed to transfer the funds to a savings account in ​Saito’s name.

The suspects deceived ⁢the ‌victims by lying about the investment opportunities ​and the promised returns. The Nagoya District ​Public Prosecutors Office has not disclosed whether the suspects have ⁢admitted to the​ charges.

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Stay up-to-date with the‌ latest news from Tokai, including ⁣updates⁤ on this ongoing ​investigation.