Ex-post office chief in Nagasaki may have swindled ¥1 bil

Alot of have money but no brains to manage the money and end up being easy picking.

kaimycahlApr. 7  10:44 pm JST

Is this fraud or pure theft?

It's both. He misled the customer (fraud) and pocketed the money (theft).

BlackFlagCitizenApr. 7  09:52 am JST

How is this fraud even possible? Don't they do any audits at J-Post?

My guess is that an audit isn't going to turn much up. The reason I say this is because if he was smart, he would have supplied a fake document for the "insurance" which, of course, there are no copies filed or kept.

Most loans do have some sort of insurance to help cover the balance of the loan should something happen to the customer (i.e. death, unemployment, etc.) which an insurance fee is applied to the over all loan. What this guy did was piggy back on that. Since most Japanese people pay in cash, it would be fairly easy for him to provide a receipt for the loan payment and a second (fake one) for whatever fake service he came up with.

Unless something happens with the loan in general, this fraud/theft would virtually go undetected. If the payments were done electronically then I don't think his scheme would work.

IDK, this is just my guess. I wouldn't expect the article to go into any details on how he pulled this off as it could taint the litigation.

Is this fraud or pure theft?

Sounds so familiar, I got this same insurance at DoCoMo shop for my phone, and when I wanted to cancel it they said you can't. These institutions are out of control and fear no one. especially when they know you cant read Japanese well.

I wonder if the nagasakians taxpayers will have to cover that evil econ loss.

he has told the company he does not remember the details or how much money he took

not surprised, typical selective amnesia, and red handed denial, and B4 2 yokosuka semen seafarers said they never lie ...that was a base-homesteading falsehood.

How is this fraud even possible? Don't they do any audits at J-Post?

Ok reading a little more news. Financial institutions in Japan move management staff. They'll stay in one place for up to 5 years and no more than 10. That guy was there for over 20.

Considering it was a fully government agency untill 2007 this guy's definitely got all the right connections for nothing to come of this. Hence no name, no arrest.

Who Kyodo chooses to name or not name is always interesting. I had a quick search in Japanese, does anyone know this person's name?