The manager and operator of Japanese Ripple exchange Ripple Trade Japan has been arrested for allegedly defrauding a customer for ¥1.4 million ($12,470) with potentially further charges pending. Yuki Takenaka, a 31-year-old head of Ripple Trade Japan allegedly defrauded a man from the Miyagi Prefecture of Japan back in March 2015, knowingly allowing him to deposit funds despite the fact that the company was foundering and unable of processing refunds. According to police, Takenaka, a resident of Kyoto has
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