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Police arrested six people and put another on a wanted list Monday on suspicion of swindling 10 million yen from elderly people who had earlier suffered losses from fraudulent sales of undeveloped rural property.

In autumn 1996, Michinori Inoue, 48, a former employee of a real estate company in Tokyo, and six others allegedly approached a 78-year-old man in Miyagi Prefecture, and two others who own undeveloped properties in southern Hokkaido, according to police officials. The three had been victims of a previous scam, in which a number of elderly people throughout Japan were lured into making investments in rural properties, after being told they would get hefty returns. They were then left with nearly useless land in undeveloped, mountainous areas.

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