Japan Life Company went bankrupt and was suspected of using magnetic health products to engage in fraudulent leasing business, which dealt a blow to thousands of elderly people who bought its products. On Tuesday, the Tokyo Institute of Industry and Commerce, a credit research institution, said that Japan Life Company actually incurred a debt of 240.5 billion yen and declared bankruptcy.
It is reported that as of the end of March, Japan Life Company was considered as the second largest company suspected of defrauding consumers. Prior to this, Agura Bokujo went bankrupt on 20 1 1, with total liabilities reaching 430 billion dollars.
Japan Life Company was ordered by the Ministry of Consumer Affairs to suspend some business four times in the past year.
The Tokyo-based life company sells magnetic necklaces and other health products, encourages buyers to sign "lease" contracts, and promises to pay only 6% of the annual rent to consumers who buy products and rent them to others through the company-far higher than Japan's meager deposit interest rate.
According to the data of companies and institutions, by the end of July, 6,855 people (mostly elderly people) had signed contracts with Japan Life Company, with a total deposit of 65.438+0.765438+0.4 billion yen.
A senior official of Tokyo Institute of Technology described the company's business strategy as a "fraudulent company", and a group of victims' defense lawyers are preparing to ask the police to identify the company's behavior as fraudulent.
According to the agency, the average deposit amount of contract holders is about 654.38+08.6 million yen, and the maximum amount is 500 million yen. According to the Tokyo Institute of Industry and Commerce, about 75% people, most of whom are women, are over 70 years old and complain to Japan Life Company.
It's only a matter of time before this kind of company goes bankrupt. Keep your eyes open and don't be cheated by pyramid schemes.