Japanese man bets on city’s $358,000 COVID relief fund
It’s a scenario we’ve probably all considered – what would we do if we were sent a fortune by mistake? Well, in Japan, a man is in hot water for deciding to gamble with his unexpected windfall – almost losing $360,000 of money allocated as that of his city covid relief fund.
24 years Sho Taguchi has been accidentally sent the entire 46.3 million yen ($358,000) intended for residents of Abua city in Yamaguchi Prefecture in Honshu.
Some 460 low-income households in the city were supposed to receive $780 eachbut Taguchi had other ideas, spunking full amount on offshore gambling sites.
“I have already moved the money. It cannot be returned. It can no longer be undone. I’m not going to run. I will pay for my crime,” Taguchi said when authorities finally caught up with him.
A man claiming to be his lawyer told reporters that “all the transferred money was used in online casinos overseas”.
However, the mayor of the city, Norihiko Hanadadidn’t seem to understand how serious this was in the gaming world.
“We want to trace the flow of money in the trial. I want him back, it’s not too latesaid Hanada, unaware that offshore gambling is pretty much a black hole when it comes to any legal recourse, especially if the sites have no connection to Japan.
Meanwhile, a remorseful Taguchi is apparently attempt to refund the moneyalthough he will probably have to live a long and very prosperous life to do so, given that his first repayment had just come $774.
Last year we reported on the Connecticut politician who was arrested for allegedly stealing $636,000 of pandemic funds. 30 years Michael Di Massa would have spent some of it at the Mohegan Sun casino and now faces 20 years in prison…
Unlike the Japanese case which began with a clerical error, Connecticut State Rep. DiMassa allegedly accused the city of West Haven of more than $636,000 in bogus counseling servicespaid by his company, Compass Investment Group LLC.
In charge of pandemic emergency funds for the city, federal indictment alleges DiMassa”made several large cash withdrawals from the Compass Investment Group LLC bank account, some of which were made shortly before or after he was recorded as having made a large cash “buy-in” of gaming chips at Mohegan Sun Casino.
DiMassa would have done six such buy-instotaling more than $33,000and is currently on a bond of $250,000and currently “in treatment” for gambling addictionaccording to court reports.
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