Consumers were cheated out of more than ¥200 billion by now-bankrupt bedding supplier L&G K.K. in a shady investment scheme known for its quasi money called Enten, according to the latest data compiled by police.
It is the most money ever collected in a shady investment scheme, topping the ¥200 billion netted in the 1980s by Osaka-based Toyota Shoji, which deceived mainly old people on the pretext of selling gold bars.
Victims of the L&G fraud have organized and are considering legal steps against the company and other parties who the victims say cooperated with the fraud, including well-known singers who performed in concerts organized by L&G to increase membership.