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  • fuckedgaijin ‹ General ‹ F*cked News

AIJ Investment Advisors: Bye bye corporate pension funds

Odd news from Japan and all things Japanese around the world.
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AIJ Investment Advisors: Bye bye corporate pension funds

Postby IparryU » Wed Feb 29, 2012 3:42 pm

Well... not like Mayer Asset Management with "making up" land banking nor like Olympus "making up" M&A transactions... they did something legit (citation) and ran with the cash...

FSA looking into billions in missing corporate pension funds
February 24, 2012

The Financial Services Agency on Feb. 24 issued a business suspension order to AIJ Investment Advisors Co., which says it has no idea why billions of yen in corporate pension funds are missing.

According to sources, a large majority of the estimated 200 billion yen ($2.5 billion) in pension funds that AIJ was handling on behalf of companies appears to have been lost.

During the one-month period when operations are suspended, officials from the FSA and the Securities and Exchange Surveillance Commission will investigate whether the money was lost due to poor investment decisions made by AIJ or whether company officials diverted the money for their own use.

more...
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Postby IparryU » Wed Feb 29, 2012 3:43 pm

AIJ moved huge sums to Cayman Islands, Hong Kong
February 25, 2012

AIJ Investment Advisors Co. transferred huge sums in corporate pension assets it manages to a fund in the Cayman Islands and then moved the money to the Hong Kong account of a major European bank, sources said.

The Securities and Exchange Surveillance Commission has not been able to trace where the money went after reaching Hong Kong.

The sources said the SESC was investigating the motive for transferring the funds overseas, including the possibility that the money may have been misappropriated.

more...
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Postby Tsuru » Wed Feb 29, 2012 8:14 pm

"misappropriated"?

Why do we keep using euphemisms and wooly language for what is plainly theft?
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Postby Coligny » Wed Feb 29, 2012 8:50 pm

Tsuru wrote:"misappropriated"?

Why do we keep using euphemisms and wooly language for what is plainly theft?


Something linked with due process...
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Postby superLoser » Wed Feb 29, 2012 10:30 pm

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Postby wuchan » Wed Feb 29, 2012 11:38 pm

Coligny wrote:due process...


did you forget where we are?
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Postby Mike Oxlong » Wed Feb 29, 2012 11:40 pm

Due process is in the eye of the beholder...look at the Assange case...he's getting his, right?
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Postby james » Thu Mar 01, 2012 12:24 am

Coligny wrote:Something linked with due process...


thieves, liars and crooks and goons and the fsa must be either complicit or completely fucking incompetent.
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Postby Samurai_Jerk » Thu Mar 01, 2012 12:35 am

james wrote:the fsa must be either complicit or completely fucking incompetent.


Same difference.
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Postby plaid_knight » Fri Mar 02, 2012 1:27 am

look at the Assange case...he's getting his, right?


Yeah, but he pissed off people who were white, rich, and very powerful - people that can afford the best justice money can buy.
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Postby Coligny » Fri Mar 02, 2012 1:43 am

plaid_knight wrote:Yeah, but he pissed off people who were white, rich, and very powerful - people that can afford the best justice money can buy.


awww dear... what haz wee come to...
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Postby IparryU » Fri Mar 02, 2012 9:39 am

Coligny wrote:awww dear... what haz wee come to...

capitalizum (tried to spell like you...)
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Postby Coligny » Fri Mar 02, 2012 10:16 am

IparryU wrote:capitalizum (tried to spell like you...)


So now I'm the universal exkiouze for people illitritracy...


gr8t
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Postby Screwed-down Hairdo » Fri Mar 02, 2012 12:14 pm

When I see it spelled "capitalizum," for some reason I feel like it's merely giving me bukkake, instead of bending me over, sodomizing me without lubrication and grabbing (what's left of my) hair and demanding I answer the question "Who's your Daddy?"

But, that's just me...
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Postby Coligny » Fri Mar 02, 2012 6:34 pm

Screwed-down Hairdo wrote:When I see it spelled "capitalizum," for some reason I feel like it's merely giving me bukkake, instead of bending me over, sodomizing me without lubrication and grabbing (what's left of my) hair and demanding I answer the question "Who's your Daddy?"

But, that's just me...


You know what...

You just give me an idea...

A GAY PORNO REMAKE OF "MARGIN CALL"

sumbody have the phone number of Sylar ?
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Postby IparryU » Sat Jun 02, 2012 7:51 pm

More Richard Cayne (Mayer Asset Management) with another scam called Managed Savings ran by his partner Greg Pitt. Thank you assholes for making such a fucking mess. Surprised they havent gotten knocked off yet...

I cant even google without seeing this shit anymore.

[url=abridgetosellyou.blogspot.com]abridgetosellyou.blogspot.com[/url]

[url=managedsavingsfraud.blogspot.jp]managedsavingsfraud.blogspot.jp[/url]
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Postby Screwed-down Hairdo » Sat Jun 02, 2012 11:52 pm

IPU, wise lesson...never trust someone whose name is a euphemism for genitalia (which wipes out most U.S. presidents), nor those named after a place where snakes live.
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