Asia

Thai police arrest Japanese woman wanted for pyramid scheme

A Thai Immigration officer, right, escorts Setsuko Yamabe of Japan before a press conference at the Immigration Office in Bangkok, Thailand, Wednesday, April 5, 2017. Thai police said Wednesday that they have arrested Yamabe wanted for allegedly running a multimillion-dollar pyramid investment scheme in her homeland. Yamabe persuaded victims to invest 700 million yen ($6.3 million) in a fund that she claimed would lend to companies and earn a high rate of return, Immigration Department chief Lt. Gen. Nutthorn Prawsunthorn said. (AP Photo/Sakchai Lalit)

A Thai Immigration officer, right, escorts Setsuko Yamabe of Japan before a press conference at the Immigration Office in Bangkok, Thailand, Wednesday, April 5, 2017. Thai police said Wednesday that they have arrested Yamabe wanted for allegedly running a multimillion-dollar pyramid investment scheme in her homeland. Yamabe persuaded victims to invest 700 million yen ($6.3 million) in a fund that she claimed would lend to companies and earn a high rate of return, Immigration Department chief Lt. Gen. Nutthorn Prawsunthorn said. (AP Photo/Sakchai Lalit)  (The Associated Press)

Thai police say they have arrested a Japanese woman wanted for allegedly running a multimillion-dollar pyramid investment scheme in her homeland.

Immigration Department chief Lt. Gen. Nutthorn Prawsunthorn said Wednesday that Setsuko Yamabe persuaded victims to invest 700 million yen ($6.3 million) in a fund that she claimed would lend to companies and earn a high rate of return. He said her investors would recruit additional investors in the fashion of a multilevel marketing scheme.

Police said Yamabe was arrested on March 30 in the northeastern province of Ubon Ratchathani on a warrant issued by Japan's Kumamoto District Court. Her documents showed that she had traveled in and out of Thailand 15 times, most recently entering from neighboring Laos.