• Kyodo News

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The Tokyo District Court on Thursday sentenced Isamu Kuroiwa, former chairman of the Tokyo-based investment firm World Ocean Farm, to 14 years in prison for defrauding investors in a scam involving a bogus shrimp farming business in the Philippines.

Six former executives of the World Ocean Farm, including Atsuhiro Kuroiwa, Kuroiwa’s 29-year-old son who was in charge of its funding operations, were sentenced to two to three years in prison each for conspiring with Kuroiwa, 60, in the fraudulent scheme.

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