Nui Onoue arrested

Nui Onoue arrested

Nui Onoue arrestedOn this day in 1991 Japanese restaurateur, Nui Onoue was arrested for Investment Fraud. Onoue’s found success in the restaurant business by predicting stock trends, and horse racing outcomes, becoming somewhat of an oracle for customers. Onoue started taking out loans from banks and held money from investors creating a bubble, which threw her deeper into debt. She began scamming banks by befriending those at one bank asking them to fake deposits for her so she can take out loans from another, with fraudulent credit scores. The money, she borrowed from financial institutions totaled 2 trillion 773.6 billion yen and bankrupted two banks. Onoue was sentenced to 12 years in prison.