• Kyodo News

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A former Mizuho Bank employee was arrested Saturday on suspicion of swindling ¥18 million from a 69-year-old Tokyo man through bogus investments in U.S. government bonds, police said.

Sadao Nomura, 52, allegedly defrauded the man, who is the chairman of a company that runs a public bath, in November 2003 by falsely claiming that Mizuho Bank was managing high-yield investments linked to U.S. government bonds not offered to ordinary customers, according to the Metropolitan Police Department.

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