Overview
- The Metropolitan Police Department detained Keisai Kominato, also known as Keisai Fukuhara, 44, the former head of NeoReverse, on suspicion of fraud after his flight from the UAE arrived at Narita.
- Investigators also arrested former employee Taishi Nakayama, 44, on suspicion of conspiring in the alleged scheme tied to the watch-sharing service.
- About 650 users across 45 prefectures have filed reports, covering roughly 1,700 watches valued at about ¥28 billion, with about 1,300 already sold through some 110 pawn and buyback shops.
- Police are tracking the proceeds, with investigative reports indicating spending on cryptocurrency purchases and transfers to accounts linked to online casinos.
- The arrest warrants cite an alleged case from August to December 2023 in which a Tokyo man, deceived by website claims, handed over 15 luxury watches worth about ¥18 million.