Tokyo and Hyogo police have arrested a further five persons in connection with an alleged fraud case involving ¥190 mln ($1.7 mln) worth of Bitcoin, bringing the total number of arrested persons in the case to 12, local news outlet TBS reported April 16.
According to TBS, on July 25, 2017, in a Tokyo hotel, the suspects allegedly presented a man, who was acting as an agent for a company executive in his 40s, with ¥200 mln (~$1.9 mln) in counterfeit cash remittances.