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9

Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges

Tags: Billionaire, Japan, Kazuo Okada, Okada Manila, Philippines, Takahiro Usui
Posted on 09 January 2019 by "T".
A Philippine court has ordered the arrest of Kazuo Okada, a Japanese billionaire casino mogul, who has been charged three counts of fraud while he was CEO of Tiger Resorts. Okada, age 76, a man who first made his huge fortune in the 1990s as a supplier of pachinko machines to Japan and eventually made a big early investment into Wynn Resorts, has been accused to have siphoned $3.16 million from[...]   Read more » Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges

  9-Jan-19, 16:41   #1
Japanese Billionaire Casino CEO Faces Arrest on Fraud Charges 0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4637
Obviously these people who become billionaires and steals or borrows money from his own company,
are very naive.
They think they will not be caught when they make a childish mistake.
How can you have that much money and make such a mistake.
I think it was poured from the inside by a mole.

     
  9-Jan-19, 17:43   #2
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 39 (M)
Posts: 441
what to say about it more I think in my opinion the more money is less afraid of the wrong if it has and so what happens are these stories of people who have the world in their hands and end up doing everything not to use it because the objective is no longer to live and yes they make more money no matter the form and yes they lose the life family friends freedom we must policiar to us because the money and much corompedor is the tip

     
  9-Jan-19, 17:56   #3
  +1 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6687
Something does not add up here. $3 million would surely be a lot of money for us mere mortals,but why should the owner of the company, worth a few billion himself, cheat his own company. Looks a lot like a power struggle inside this business where the gloves already came off.

     
  9-Jan-19, 18:49   #4
  0 
Fakiry 

Joined: Apr '09
Location: Portugal
Age: 39 (M)
Posts: 4815
Rule number one: never do business with family. For the son to enter the admin of the family business, the father should already be thinking about retiring. Otherwise, problems will appear and I guess that's what happened in this case. But he will have a good lawyer team on his side in court (which will also cost a lot) that will for sure turn the penalties into smaller amounts.

------------
Rule number one: never do business with family. For the son to enter the admin of the family business, the father should already be thinking about retiring. Otherwise, problems will appear and I guess that's what happened in this case. But he will have a good lawyer team on his side in court (which will also cost a lot) that will for sure turn the penalties into smaller amounts.

     
  9-Jan-19, 20:37   #5
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13921
Who know what has really happened. I agree with shokaku.
Why a billionaire do something like that.
He had a need for that three millions, or even the 20 millions. He may be getting that in a single day with the business he has Smile
Family business went wrong, once more Smile

     
  10-Jan-19, 16:42   #6
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4637
People make strange decisions when they are rich.
Some try to borrow and forget to return them and others commit fraud but forget to remove the traces.
Now he has to waste time in law court.
By mistake he is now guilty and the laws can be harsh in that country.
Now he probably regret this thing. Blink

     
  10-Jan-19, 16:49   #7
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 39 (M)
Posts: 441
kkkkkkkkkkkk I always say that money is a very strange thing because the more you have more you want to have more people that do not measure the effort and means to get this money even if it is the bad way because things are this way because they can not be played like anything else do what is not a slave of money and yes its owner and he his slave there you will be happy

     
  11-Jan-19, 21:28   #8
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 39 (M)
Posts: 441
how can such a person be able to get involved with something so bad of this, it proves that the more money one has, the more one wants to have, no matter how much one gets it, the more I think that it is still an investigation and that if proven valid, ploblema for this Japanese ai kkkk

     
  13-Jan-19, 14:36   #9
  0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 61 (M)
Posts: 1756
I personally not think it is all clear in this situation, but this person is billionaire and crime say he is commit charge of sum under 10 or 20 millions only so not many problems to him to give this money back if court say he is make crime. but not sure he makes bad moves maybe not all information is clear

     
  13-Jan-19, 18:01   #10
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13921
You never know what it happens when it comes to money.
And especially when we are talking about big money.
Not too long ago, here in greece, two sons lost their "battle" in court,
when they tried to declare their father "incompetent" to run the company,
in order to get the company. At least they lost the first round Smile

     
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