Mobile fraud executive found guilty

Oct 03, 2005

The Tokyo district court found guilty Monday a businessman who had made fraudulent claims about setting up a mobile-phone company.

The court said that Takeo Oba, an executive of bankrupt Japan Media Network, made false claims about setting up a new business and conned investors into putting millions of dollars into a company that he had never planned to start up in the first place.

Investigators raided the home and office of Oba Monday morning. Oba himself is still on the run, and police are still trying to find him.

Copyright 2005 by United Press International

Explore further: Japan's mobile app Line reviving IPO plans

Related Stories

Dairy farms asked to consider breeding no-horn cows

4 hours ago

Food manufacturers and restaurants are taking the dairy industry by the horns on an animal welfare issue that's long bothered activists but is little known to consumers: the painful removal of budding horn ...

DARPA seeks new positioning, navigation, timing solutions

10 hours ago

The Defense Advanced Research Projects Agency (DARPA), writing about GPS, said: "The military relies heavily on the Global Positioning System (GPS) for positioning, navigation, and timing (PNT), but GPS access is easily blocked by methods such as jamming. In addition, many environments in which our mil ...

Recommended for you

Japan's mobile app Line reviving IPO plans

1 hour ago

Line, the popular messaging app launched in the aftermath of Japan's earthquake and tsunami, is set for an initial public offering as early as this year, a report said Thursday, after shelving plans for a ...

Search, social & shopping: Pinterest turns 5

13 hours ago

In its five short years of life, Pinterest has become 'the' place where brides-to-be create wish boards of wedding china photos and do-it-yourself home renovators bookmark shiny turquoise tiles for bathrooms. ...

Vibration pen is designed for people with Parkinson's

14 hours ago

A woman appears in a video about a very special pen, the ARC, specifically designed for people with Parkinson's living with micrographia. Diagnosed with Parkinson's in 2013, the woman says that, over time, ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.