CHINA TOPIX

07/12/2025 01:10:05 am

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Carolyn Goodman

Japan Ponzi Scheme

Las Vegas Investment Executive Indicted for Running $1.5 Billion Ponzi Scheme Targeting Japanese Nationals

U.S. authorities on Thursday arrested the head of a Las Vegas investment company for running a $1.5 billion Ponzi scheme which targeted thousands of Japanese investors for four years until its exposure in 2013.

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