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Tuesday, February 28, 2012

Japan: "880,000 pensions hit by Japan investment scandal"

"A growing scandal around an investment company that has lost $2.3 billion has affected pensions for up to 880,000 people, Japan’s government said Tuesday.
AIJ Investment Advisors has reportedly been lying to clients for years, boasting of annual returns of up to 240% while in fact 185 billion yen in pension investments has melted away."
oh boy.........from japan today...

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