Four people were captured for being allegedly linked to a scam that has been called “a fictitious investment story“, which was carried out through a platform that offered “supposed returns on investment with supposed crypto assets, based on a trading system with artificial intelligence.”

The platform called Oz Project offered a return of 100 % of the amount invested and had managed to get about 6,000 million yen, almost 55 million dollars, to more than 20,000 people, according to reports made by Asahi Shumbum Digital.

The event that occurred in Aichi prefecture makes Japan the country where an alleged cryptocurrency scam scheme has been dismantled more recently.

According to the news released, the people captured are Yukihiro Yamashita, Takuya Hashiyada, Masamichi Toshima and Shoji Ishida. The latter, apparently, could be considered the leader or the highest ranking within the organization and is attributed “the offers of return on investment, which also included multiplying by 2.5 in just four months the money deposited.”

Regarding the way to attract the victims, they indicate that a person was in charge of holding events and meetings with the aim of “promoting the platform and promoting the creation of a group on the LINE social network for that purpose.” While other investors captured other people.

It is unknown which cryptocurrencies are involved in the scam or if the funds stolen from the victims was in fiat currency, although the evidence points to the second scenario. But since September 2019, victims of Project Oz began to file lawsuits in the city of Nagoya.

M. Rodríguez

Source: criptonoticias and cointeltelegraph

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