Mobile fraud executive found guilty

October 3, 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.

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

Government delays new ban on Internet gambling

Technology / Internet

14 hours ago | 3 / 5 (2) | 0

(AP) -- The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.

Fujitsu Develops Technology for Low-Temperature Full-Service Direct Formation of Graphene Transistors on Large-Scale Sub

Technology / Semiconductors

14 hours ago | 5 / 5 (6) | 1

Fujitsu Laboratories today announced, as a world first, the development of a novel technology for forming graphene transistors directly on the entire surface of large-scale insulating substrates at low temperatures ...

Teachers begin using cell phones for class lessons

Technology / Hi Tech

11 hours ago | 2 / 5 (2) | 0

(AP) -- Ariana Leonard's high school students shuffled in their seats, eagerly awaiting a cue from their Spanish teacher that the assignment would begin. "Take out your cell phones," she said in Spanish.

Semantic research sets world standards

Technology / Computer Sciences

21 hours ago | 3.3 / 5 (3) | 1

(PhysOrg.com) -- European researchers have created new tools for semantic technology development which are helping to set the next generation of official standards. The tools also unblock some key bottlenecks ...