Investment Scam Losses Continue To Rise In Japan – More Than 50% Year Over Year – 2024

Investment Scam Losses Continue To Rise In Japan – More Than 50% Year Over Year

The Rate of Fake Investment Scam Victimization is Growing at a rate of over 50% per year!

An Investment Scam Victim’s Story

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• Portions YOL

About This Article

The surge in investment scams worldwide, but particularly in Japan, including fake crypto and regular investment schemes, reflects a global trend of scammers adapting their tactics to target unsuspecting victims.

With losses totaling in the tens of millions of yen, victims like Mitsuyoshi Yamamoto are left devastated by the allure of promised profits and sophisticated scam techniques. These scams often involve impersonating famous investors on social media platforms, enticing victims with promises of high returns and minimal risk.

Scam Victims Becoming Drug Mules in Japan

And the Case of Donna Nelson

Criminology – Understanding how Romance Scam Victims can be Converted into Criminals

Author:
• Rika Takebe, NPO Charms

About This Article

The arrest of Ebo Jeremiah in Japan sheds light on the sinister intersection of romance scams and drug trafficking. Exploiting a Japanese woman’s trust and affection, Jeremiah orchestrated the smuggling of methamphetamine from Israel to Japan, using her as a receiver under the guise of a fabricated romantic relationship.

This case underscores the vulnerability of fraud victims to manipulation and coercion, as well as the insidious tactics employed by criminal networks to exploit human emotions for illicit gains.