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Yusra31
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Four individuals were detained in Japan's Aichi Prefecture on Monday for cheating investors in the "Oz Project," a bitcoin investment scheme.
The organisation had amassed at least 6 billion yen about $55 million according to the police. The number of victims is estimated to be between 10,000 and 20,000, according to local media.
Shoji Ishida 59, Yukihiro Yamashita 61 , Takuya Hashiyada 46, and Masamichi Toshima 59 were the four individuals arrested, according to investigators 52, Ishida is said to be the Oz Project's operator.
They allegedly enticed investors by offering them a 2.5-fold return on their cryptocurrency investments in four months.
The gang began duping people four years ago, according to investigators, by organising seminars all around Japan. Investors were allegedly persuaded that their money would be invested in cryptocurrencies through an automated AI trading system, which did not exist.
The organisation had amassed at least 6 billion yen about $55 million according to the police. The number of victims is estimated to be between 10,000 and 20,000, according to local media.
Shoji Ishida 59, Yukihiro Yamashita 61 , Takuya Hashiyada 46, and Masamichi Toshima 59 were the four individuals arrested, according to investigators 52, Ishida is said to be the Oz Project's operator.
They allegedly enticed investors by offering them a 2.5-fold return on their cryptocurrency investments in four months.
The gang began duping people four years ago, according to investigators, by organising seminars all around Japan. Investors were allegedly persuaded that their money would be invested in cryptocurrencies through an automated AI trading system, which did not exist.