A man, Fumino Urabayashi (39), has been arrested on suspicion of laundering approximately 19 million yen in cash obtained through a specialized fraud scheme by converting it into so-called virtual currency (cryptocurrency).
In 2021, Urabayashi is alleged to have exchanged the fraudulently obtained cash into Bitcoin, among other actions, as part of the money laundering process. Authorities suspect that Uralin played a role as a director within the group orchestrating the fraud, and the Tokyo Metropolitan Police are actively working to uncover the full details of the case.
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