4 People Arrested In Japan For $54M Crypto Investment Fraud

Kyodo News reported,  Aichi Prefecture Police arrested four people involved in the Cryptocurrency Investment ponzi scheme & fraud of $54 million. Right now Investigation is going on.

Crypto Investment frauds are common crimes these days, people who are not aware about the crypto education necessity get caught by scammers for attractive returns. A recent report from Kyoto News is coming regarding Crypto Investment fraud against 4 people.

According to Kyodo News, Police in Aichi Prefecture in central Japan catched four people. The main leading scammer was Ishida Shoji, the operator of a crypto investment business. Other suspects are Takuya Hashiyada (46), Yukihiro Yamashita (61) and Masamichi Toshima (52).

According to reports, These four people were running their crypto Investment company and they started their company four year ago. They promised to give 2.5 times return in four month.

Scammers claimed that  their main business of trading is totally based on automatic Trading software (AI based Trading) and that software is able to generate huge revenue without any risk. 

Investigation authorities also believe that they were doing seminars in other asian countries and at many places with the help of online platforms to attract people to invest in their scheme. This is only a suspected fact because their payout of the return of Investment was allowed only through Bitcoin.

Online scams & frauds are common. It is also possible with fiat currency. Every person is requested to be aware about any type of high return Investment, because why will someone make money for you? So don’t go with such kinds of Ponzi schemes because not every time investigation authorities will have success catching such people who are doing  illegal activities through online mediums.

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