Japan Today

Toyama woman in her 70s loses ¥50 mil in gold investment scam


A woman in her 70s living in Toyama City lost 50 million yen in a gold investment scam, police said Friday.

According to the police, in February, the woman saw an advertisement on the Line messaging app from someone claiming to be an analyst at a securities company offering stock advice, NTV reported. 

The woman contacted the person and was encouraged to invest in gold trading by the so-called analyst. She transferred a total of 50 million yen to a designated account six times.

After losing contact with the analyst, the woman realized she had been a victim of fraud and contacted police.

Police said: “Offering investments and asking people to transfer cash online is a scam, so please consult police first.”

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She's 70s and she has 50 million JPY? That's around twice than average Japanese saving of household with two family members. She still might other savings.


-11 ( +1 / -12 )

How does someone who has managed to accumulate at least ¥50,000,000 do something so stupid? She must have inherited it.

3 ( +3 / -0 )

Sad news indeed and I’m sure that money was her life savings, too.

1 ( +1 / -0 )

How does someone who has managed to accumulate at least ¥50,000,000 do something so stupid? She must have inherited it.

Of course from her husband.

2 ( +2 / -0 )

Some of my neighbors got scammed when they were in their 70s. One for almost $300,000, one lost all of her bank savings, and another lost over $30,000. Those are just the ones I know about. People are constantly, almost daily, trying to scam us seniors.

I am very sorry for the woman in Japan who was so badly scammed. She probably would have preferred to help her family, friends, or a charity. To lose it to a scumbag is disheartening.

1 ( +1 / -0 )

is LINE in any way accountable, or can it help identify the fraudster ?

0 ( +0 / -0 )

Children and grandchildren need to educate the older folk about this kind of thing. Especially in Japan, where everyone is so trusting. So many spam mails trying to get me to click on things and enter passwords. To younger folk (hehe, I'm 60) this is obvious, but to the generation above, not so much. The number one rule is never click a link in an email, but go direct to the website concerned. In my case, Amazon, Amex, my website provider, Amazon and Rakuten in the past couple of weeks.

1 ( +1 / -0 )

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