Home AML AML News Japanese pair extradited in $1.5B Las Vegas Ponzi scheme

Japanese pair extradited in $1.5B Las Vegas Ponzi scheme

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April 20 2019

Two former executives of a Las Vegas investment company have been extradited from Japan in connection with a $1.5 billion Ponzi scheme that prosecutors called one of the largest financial crimes in U.S. history.

The father and son, Junzo Suzuki, 70, and Paul Suzuki, 40, were charged in a 2015 indictment with eight counts of mail fraud and nine counts of wire fraud. Japanese authorities arrested the Suzukis in January, and they were extradited to Las Vegas 0n Wednesday.