Regarding the Tokyo Minerva Law Office, a law firm that undertook numerous claims for overpayments to consumer finance companies and went bankrupt four years ago without repaying them to clients, the Dai-ichi Tokyo Bar Association said, The 2.5 billion yen deposit was fraudulently misappropriated, and the punishment was the most severe.
This was announced by the Daiichi Tokyo Bar Association on the 19th. According to the bar association, Tokyo Minerva Law Office actively uses television and Internet advertising and has received over 10,000 requests for refunds of overpayments on debts and benefits for hepatitis B patients. However, bankruptcy proceedings were started in June 2020.
The deposit from the client was over 3 billion yen, but the current deposit is only about 500 million yen, and the bar association determined that ``the difference, over 2.5 billion yen, was misappropriated,'' and on the 17th of this month, Therefore, this law firm was given the most severe expulsion penalty.
A man who was the representative of Tokyo Minerva Law Office told the bar association, ``The deposit was being used by another company to pay nominal debts such as advertising expenses, and it was no longer possible to fully refund it. In his defense, he said, "I didn't realize that until just before."
According to the bar association, if all goes well, the bankruptcy proceedings are expected to be completed this month.