National / Crime & Legal Aug 2, 2018
Financial damage from special fraud cases down in Japan but more juveniles implicated: NPA
Those under 14 cannot be held criminally responsible for their actions under the law.
NEWSWORTHY
Asia Pacific Aug 2, 2018
Police in Seoul requested an international arrest warrant for the founder of a Singapore-based firm Thursday after launching an investigation into the company and a South Korean startup over false claims of discovering a long-lost Russian "treasure ship." Seoul-based Shinil Group announced last month that ...
Business Jul 26, 2018
Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules proposed by the Trump administration on Wednesday. The proposal, which aims to replace a set of Obama-era rules that were never implemented, drew applause from ...
National / Crime & Legal Jul 20, 2018
Former president of bankrupt travel agency Tellmeclub gets six years for fraud
by Sakura Murakami
The Tokyo District Court on Friday found Chikako Yamada, the former president of failed travel agency Tellmeclub, guilty of falsifying her company's financial records to fraudulently receive funding from two banks. She was sentenced to six years in prison. Yamada and her then-subordinate Toshiyuki Sasai ...
National / Crime & Legal Jul 19, 2018
Ex-exec of Japanese supercomputer venture gets suspended prison term
The Tokyo District Court on Thursday issued a suspended prison term to a former executive of a venture company for fraud involving around ¥653 million ($5.8 million) in government subsidies related to the company's supercomputer development project. Daisuke Suzuki, 48, was sentenced to three years ...
World / Politics Jul 19, 2018
Mexico slaps huge fine on party of President-elect Lopez Obrador over campaign funding
Mexico's electoral authorities imposed a $10 million fine Wednesday on President-elect Andres Manuel Lopez Obrador's party for fraudulently using money from a trust fund for earthquake victims in its campaign. The National Electoral Institute ruled the anti-establishment leftist's Morena party broke the law by raising ...
Business Jul 6, 2018
Ex-Nomura trader must defend bond-case dismissal in higher U.S. court
Prosecutors are pressing their attack on questionable practices used by bond traders, appealing a judge's decision to toss out the conviction of a former Nomura Holdings Inc. managing director caught up in the sputtering U.S. crackdown. Michael Gramins was found guilty last year of one ...
Asia Pacific / Crime & Legal Jul 6, 2018
Fake gynecologist jailed for years of assault and fraud in Melbourne
A man who pretended to be a gynecologist and fertility specialist for a decade was labeled a "base charlatan" by a Melbourne judge and jailed for more than nine years Friday for assault and fraud. Prosecutors said Raffaele Di Paolo, 61, performed treatments on 30 ...
Asia Pacific / Science & Health May 31, 2018
China has issued new guidelines to enforce academic integrity in science that include plans to "record and assess" the conduct of scientists and institutions and punish anyone guilty of misconduct, state news agency Xinhua reported. The guidelines, released on Wednesday by the ruling Communist Party ...
Business May 31, 2018
Wells Fargo's customers of 3.5 million fake accounts get 'rough justice' closure: roughly $35 each
Wells Fargo & Co. customers who didn't consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called "rough justice." U.S. District Judge Vince Chhabria agreed Wednesday to issue final approval for a $142 million ...
World / Crime & Legal May 22, 2018
As EU privacy law looms, debate swirls on cybersecurity impact
Days ahead of the implementation of a sweeping European privacy law, debate is swirling on whether the measure will have negative consequences for cybersecurity. The controversy is about the so-called internet address book, or WHOIS directory, which up to now has been a public database ...
National / Crime & Legal May 15, 2018
Eight-year prison term sought for president of failed Tokyo travel agency Tellmeclub
Prosecutors are demanding eight years behind bars for the president of failed travel agency Tellmeclub, who is accused of defrauding two banks of about ¥550 million in loans by doctoring earnings data. While prosecutors claimed Monday that Chikako Yamada, 68, was "selfish and irresponsible in ...