{"id":58113,"date":"2021-07-14T09:01:51","date_gmt":"2021-07-14T09:01:51","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=58113"},"modified":"2021-07-14T09:01:51","modified_gmt":"2021-07-14T09:01:51","slug":"japanese-police-arrest-4-men-allegedly-behind-55-million-crypto-investment-scheme","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=58113","title":{"rendered":"Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme"},"content":{"rendered":"<p><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/07\/oz-project-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme\" loading=\"lazy\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/07\/oz-project-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-1024x576.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-696x385.jpg 696w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-1068x601.jpg 1068w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-747x420.jpg 747w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2021\/07\/oz-project.jpg 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\"><\/p>\n<p><strong>Four alleged masterminds of the \u201cOz Project\u201d 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.<\/strong><\/p>\n<ul>\n<li>Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding investors in a cryptocurrency investment scheme called the \u201cOz Project.\u201d<\/li>\n<li>The police said the group had amassed at least 6 billion yen (approximately $55 million). According to local media, the number of victims is between 10,000 and 20,000.<\/li>\n<li>According to investigators, the four men arrested were Shoji Ishida (59), Yukihiro Yamashita (61), Takuya Hashiyada (46), and Masamichi Toshima (52). Ishida is allegedly the operator of the Oz Project.<\/li>\n<li>They allegedly lured investors by promising them that their crypto investments would increase 2.5 times in four months.<\/li>\n<\/ul>\n<p><!-- growjs zone placement 31 --><ins> <ins class=\"growjs-placement\"><\/ins> <\/ins> <!-- end of growjs zone placement --> <\/p>\n<ul>\n<li>Investigators suspected that the group began duping people four years ago, holding seminars across Japan. The group allegedly told investors that their funds would be invested in cryptocurrency using an automated AI trading system, which in fact did not exist.<\/li>\n<\/ul>\n<p><em><strong>What do you think about this crypto investment scheme in Japan? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Four alleged masterminds of the \u201cOz Project\u201d 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":58114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-58113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/58113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58113"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/58113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/58114"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}