Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment S...
Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the “Oz Project.” The police said the group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is....
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Four men have been arrested in Aichi Prefecture for allegedly running a fraudulent crypto scheme that drew in 20,000 Japanese investors and raised 6 billion yen. Four men have reportedly been arrested in Japan's Aichi Prefecture for running an allegedly fraudulent crypto investment scheme that persuaded investors they could reap returns on the basis of an artificial intelligence (AI)-led trading system.Roughly 20,000 Japanese investors nationwide are thought to have been drawn into the scheme, which raised an estimated total of 6 billion yen ($55 million). The four suspects: Shoji Ishida,....
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