Tag: Edwin Fujinaga
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BULLETIN: $1.5 Billion Ponzi Alleged In Nevada
BULLETIN: (5th Update 12:54 a.m. EDT July 9 U.S.A.) Three individuals have been indicted on multiple criminal charges in Nevada, with a grand jury alleging they were at the helm of a $1.5 billion Ponzi scheme targeted at Japanese victims. The criminal case follows a civil action filed by the SEC in 2013. Charged with…
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URGENT >> BULLETIN >> MOVING: SEC: Las Vegas-Based Ponzi Scheme Targeted Japanese Investors, Gathered At Least $800 Million, Planned To Have New Marks Prop Up The Massive Swindle — And Started In 1998
URGENT >> BULLETIN >> MOVING: (SECOND UPDATE 4:28 P.M. EDT (U.S.A.) The SEC says Edwin Fujinaga and his company MRI International Inc. were operating a Ponzi scheme from 1998 onward that gathered at least $800 million and targeted Japanese and other investors. After MRI received a letter in March 2013 from the SEC instructing it…