Former Nomura Securities employee apprehended & alleged for defrauding 10 million yen

On February 6, 2025, the Metropolitan Police Department apprehended a former employee of Nomura Securities, Yuto Cho, who was in charge of asset management has been alleged and found suspicious of fraud for offering false investment to the customers and defrauded them of 10 million Yen. From the profound investigations it has been reported he had been involved in such defrauding cases earlier to repay his debts.

“There is a savings system that Nomura Securities employees can join and if you deposit funds with me, an employee I can return it to you with 2% interest per year” told by Yuto to his customers. He has also confessed to the charges saying, “I wanted to use the Nomura Securities brand to defraud money”.

The company has also expressed their regret after the arrest of their former employee, “We deeply apologize to the victimized customers and all other parties involved for the great inconvenience and concern caused. We will continue to cooperate fully with the police investigation”.