TOKYO -- Japanese authorities have uncovered a suspected fraud ring that allegedly used its ill-gotten gains to help Chinese nationals buy luxury condominiums here amid a real estate boom.
Crime
Scammers in Japan said to launder illicit funds as condo down payments
Police arrest suspected fraudsters of running 'underground bank' for wealthy Chinese buyers
Phone scams cost victims in Japan the rough equivalent of half a billion dollars between January and August. (Nikkei montage/Source photos by Nikkei)
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