(ATR) Japanese government officials are warning of an increase in fraudulent activities attempting to capitalize on the Tokyo Olympics.
A report in the Jiji Press, the Consumer Affairs Agency and the National Consumer Affairs Center have both reported a number of instances of fraudulent shell companies or scam artists conning unwary citizens into buying fake bonds or other investment schemes.
Some of the scams were reportedly pitched to primarily older Japanese citizens with Olympic bonds or investments in the Japan Precious Metals Association.
“The scams are becoming more and more sophisticated. Such cases of fraud will continue to increase, as there are many years left until the Olympics,” an official with the NCAC was quoted by the Jiji Press.
Tokyo National Stadium Closes for Renovations
Tokyo 2020 had a special goodbye message for National Stadium (Tokyo 2020)
The National Stadium in Tokyo closed on Sunday for renovations ahead of the 2019 World Cup.
Japan’s Brave Blossoms rugby squad won a Rugby World Cup qualifying match earlier in the day to end the stadium’s history on a high note.
A new stadium will open on the site of the existing National Stadium, which hosted the 1964 Olympics. The new National Stadium will serve as the main venue for the 2019 Rugby World Cup and the 2020 Olympics.
Written by Ed Hula III
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