Two Arrested For Otsuka Pharma Prelisted Shares Fraud
This article was originally published in PharmAsia News
Executive Summary
Police arrested two self-described consultants for making false statements about Otsuka Pharma, for holding the company's IPO and profiting from selling pre-listed stocks. According to the investigation, the two suspects, who live in Shibuya-ku and Fuchu City, Tokyo, started the fraud in April 2005. They sent direct mail to target wealthy people nationwide. Inside the letter, they stated that the company's shares would go public by August 2006, and at that pint the share price would double
You may also be interested in...
Cosmetic And Personal Care Trademark Review: 16 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.
Health And Wellness Weekly Trademarks Review: 16 April
Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.
Beauty Packaging Producers: July Marks Registration Deadline With PRO In Three States
Companies considered producers of single-use packaging in Oregon, Colorado and California must register with Circular Action Alliance, the leading (and currently only) producer responsibility organization, by 1 July 2024 under new state recycling laws.