TOKYO (TR) – Tokyo Metropolitan Police have arrested a 61-year-old man for participating in the defrauding of nearly 40 million yen from a would be investor in a stock scam last year, reports the Sankei Shimbun (Jan. 6).
Between October and December, Shigeto Nishida is suspected of working with accomplices in the defrauding of a second man, aged in his 40s, out of approximately 39 million yen. The victim had been falsely told that he had won a lottery to purchase profitable stocks.
Nishida has partially admitted to the charges. He said, “I had a vague idea that this was some kind of shady business. I’ve done about 10 other cases. But I didn’t know the money was from fraud.”
According to police, the victim had clicked an advertisement for stocks he found on social media. He was then solicited to invest.
The victim subsequently became suspicious and contacted the Tokyo Metropolitan Police. Officers on patrol later arrested Nishida when he showed up at the cash collection point.
Nishida is believed to have applied on social media for “profitable” jobs. He then acted as receiver of fraudulent money from victims. He received a fee of 3,000 yen per job.
