Thai police arrest Japanese woman wanted for pyramid scheme

BANGKOK (AP) " Thai police say they have arrested a Japanese woman wanted for allegedly running a multimillion-dollar pyramid investment scheme in her homeland.

Immigration Department chief Lt. Gen. Nutthorn Prawsunthorn said Wednesday that Setsuko Yamabe persuaded victims to invest 700 million yen ($6.3 million) in a fund that she claimed would lend to companies and earn a high rate of return. He said her investors would recruit additional investors in the fashion of a multilevel marketing scheme.

Police said Yamabe was arrested on March 30 in the northeastern province of Ubon Ratchathani on a warrant issued by Japan's Kumamoto District Court. Her documents showed that she had traveled in and out of Thailand 15 times, most recently entering from neighboring Laos.

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production apcf05 at 26 May 2017 08:27:13 Processing Time: 617ms