Age, Biography and Wiki
Kazutsugi Nami was born on 19 May, 1933 in Japan, is a businessman. Discover Kazutsugi Nami's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 90 years old?
| Popular As |
N/A |
| Occupation |
N/A |
| Age |
91 years old |
| Zodiac Sign |
Taurus |
| Born |
19 May, 1933 |
| Birthday |
19 May |
| Birthplace |
N/A |
| Nationality |
Japan |
We recommend you to check the complete list of Famous People born on 19 May.
He is a member of famous businessman with the age 91 years old group.
Kazutsugi Nami Height, Weight & Measurements
At 91 years old, Kazutsugi Nami height not available right now. We will update Kazutsugi Nami's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Kazutsugi Nami Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Kazutsugi Nami worth at the age of 91 years old? Kazutsugi Nami’s income source is mostly from being a successful businessman. He is from Japan. We have estimated
Kazutsugi Nami's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
businessman |
Kazutsugi Nami Social Network
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Timeline
After being released from prison, Nami established the Tokyo-based bedding company L&G in August 1987. The company allegedly derived its income from a pyramid scheme. At L&G, he invented the "Enten" quasi-currency (literally meaning Divine Money in Japanese). In February 2007, L&G dividends were distributed in Enten, rather than in cash, resulting in lawsuits and cancellations of accounts. In October 2007, police searched L&Gs headquarters in Tokyo, suspecting that the company had violated investment laws, and the company declared bankruptcy in November 2007. Nami was arrested in Tokyo on 4 February 2009 on suspicion of large-scale investor fraud along with twenty-one of his associates. He insists that he is innocent, and is the victim and not the villain. On March 18, 2010, Nami was sentenced to 18 years in prison for his scheme. [1]
Before his arrest in 1978, Nami also established PHC, a company selling pressure cookers.
In 1973, before the bankruptcy of APO Japan, Nami established Nozakku Co., a company which sold "magic stones" that were claimed to turn tapwater into natural water. The company's annual sales reached more than 2 billion yen a year before it too went bankrupt in 1978. Nami was arrested in September 1978 by Mie Prefectural police on suspicion of fraud, and was sentenced to prison.
In the 1970s, Nami became vice president of APO Japan Co., an auto equipment sales company in Tokyo. The company was involved in a pyramid scheme, collecting investments from about 250,000 people in a scam based on sales of exhaust gas removal devices. The company's operations became a social problem, and it went bankrupt in 1975.
Kazutsugi Nami (波 和二, Nami Kazutsugi, b. 19 May 1933 in Mie Prefecture) is a Japanese businessman and chairman of Tokyo-based bedding supplier Ladies & Gentlemen (L&G). He has been involved in a number of fraudulent schemes since the 1970s, and was arrested most recently on 4 February 2009 on suspicion of orchestrating a massive investor fraud involving the "Enten" quasi-currency.
