Gambling firm vanishes with 100 million yen

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Another Day, Another Dollar
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Yomiuri Shimbun

A company in Chuo Ward, Kobe, that collected about 100 million yen in membership fees from more than 50 people who signed up to receive dividends from bets it placed on motorboat races has disappeared without a trace, sources said Saturday.

According to the sources, which include members of the program, the company office was found closed in early March and members were unable to contact company officials. The members are looking into filing a lawsuit against the company and have contacted the Hyogo prefectural police.

The sources said the company began recruiting members in November by faxing advertisements claiming it had developed a software in cooperation with an Israeli firm that could accurately predict the outcome of motorboat races.

http://www.yomiuri.co.jp/newse/20030518wo24.htm
 

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