History of a professional conman, creator of the pyramid – L & GNovember 11, 2022
Kazutsugi Nami he is a legendary person in the field of financial frauds. It all started with the fact that APO Japan Co officially produced exhaust gas cleaning devices for everyone, but in fact, it was a financial pyramid. The deception was revealed and Kazutsugi was punished. However, this did not stop him and he decided to turn a more ambitious fraud. In 2000, Nami decided to establish the investment company L & G in 2000.
The company promised its investors to pay 9% dividends every quarter, if the deposit amount is 1 million yen. Then it was decided to issue their own electronic money — Enten, which was exchanged for real money. During its existence, more than 40,000 investors have invested about 200 billion yen in L & G. Nevertheless, in 2007, the payment of dividends was stopped, investors were seriously worried. Long investigations began, following which Kazutsugi Nami was sentenced to 18 years in jail.