The president in his 50s was arrested for running a so-called "pyramid scheme" by claiming that he could get a reward just by purchasing an egg, soliciting members and saying, "If you introduce a new member, you will get an additional reward." rice field.
The Metropolitan Police Department and others are investigating that they collected more than 300 million yen from about 10,000 people nationwide in about eight months from October last year.
Masaharu Minegishi (58), the president of a company in Minato-ku, Tokyo, was arrested.
According to investigative sources, President Minegishi called for members under the name of "Minna no Tamago Club", claiming that they would be rewarded just by purchasing eggs. He is suspected of violating the Infinite Chain Lecture Prevention Act for operating a so-called "Ponzi scheme".
Eggs and dividends were sent only to some members, and it seems that the collected money was used as it was for other members' dividends.
The Metropolitan Police Department and others are investigating that they collected more than 300 million yen from about 10,000 people nationwide in the eight months from October last year.