{"id":1468,"date":"2008-12-01T10:58:10","date_gmt":"2008-12-01T01:58:10","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=1468"},"modified":"2008-12-01T10:58:10","modified_gmt":"2008-12-01T01:58:10","slug":"executives-of-tokyo-startup-sun-arrested","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2008\/12\/executives-of-tokyo-startup-sun-arrested\/","title":{"rendered":"Executives of Tokyo startup SUN arrested"},"content":{"rendered":"

\"\"<\/a>
\nExecutives of SUN<\/a>, a Tokyo-based “Second Life”-related startup company, have been arrested under suspicion of facilitating the escape of another man wanted by police. The suspect, a lawyer and ex-member of Osaka’s prefectural assembly, was allegedly involved in tax evasion [1], and has since been captured in Manila.
\nThe CEO of the company was prosecuted with concealing the suspect. He pleaded guilty and was released after being fined 200,000 yen ($2000).
\nInternet Watch reported that the lawyer intimidated the executives by threatening to give SUN stock to the Yakuza.
\nSUN has a shopping mall called “Tokyo ZERO banchi<\/a>” [JP] (lit: Tokyo zeroth avenue) in Second Life. [2]
\nSUN declared bankruptcy on 21 November 2008. The executives also allegedly falsified the company’s books. [3] A letter from their lawyers suggests that they have borrowed money from unlawful investors.
\nngi group<\/a>, one of the most famous venture capitalists in the Japanese IT industry, funded SUN with 190 million yen ($1.9M) on 22 October 2008. They will report an allowance for a 100% loss of the investment in Q3.
\n1. Internet Watch, 17 November 2008<\/a>. [JP]
\n2. Internet Watch, 18 July 2007<\/a>. [JP]
\n3. Internet Watch, 25 November 2008.<\/a> [JP]<\/p>\n","protected":false},"excerpt":{"rendered":"

Executives of SUN, a Tokyo-based “Second Life”-related startup company, have been arrested under suspicion of facilitating the escape of another man wanted by police. The suspect, a lawyer and ex-member of Osaka’s prefectural assembly, was allegedly involved in tax evasion [1], and has since been captured in Manila. The CEO of the company was prosecuted… Continue reading Executives of Tokyo startup SUN arrested<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[9,17,24],"tags":[779,2577,3496,4175],"class_list":["post-1468","post","type-post","status-publish","format-standard","hentry","category-company","category-japan","category-news","tag-crime","tag-ngi","tag-startup","tag-yakuza","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/1468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=1468"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/1468\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=1468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=1468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=1468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}