A well-known fortune teller in Japan has been arrested on suspicion of fraud, relating to fabricated investment schemes. Typically appealing to their deep-seated superstitious beliefs, the suspect allegedly deceived victims by suggesting that their financial fate could be significantly influenced via certain proposed investments. The authorities arrested the psychic following an investigation triggered by victims reporting their monetary loss. The severity and breadth of the fraud are being investigated.

In Japan, fraud has been a serious issue in recent years with countless scams continued to be reported. Especially in cases where elderly people or other vulnerable individuals are targeted, the crimes are taken very seriously. This story is particularly notable for the unusual situation of a psychic being implicated.

In comparison to the EU or US, investment fraud operates similarly across all territories, targeting vulnerable individuals through manipulative schemes to quickly turn a profit. In the US, law enforcement agencies actively seek out these individuals, and strict penalties apply if convicted. Fortune-telling fraud is also taken seriously, though it may not be as common as in Japan.