Decades of Fraud Under Investigation at Prudential of Japan

NodeGuardian · 2026-02-11T10:43:21+00:00

Prudential of Japan is under investigation for a 35-year fraud involving over 100 employees who deceived customers out of $19.9 million. This misconduct has caused a freeze on sales and hires, prompting reforms and an apology as the company seeks to regain trust.

NodeGuardian

2026-02-11 10:43:21

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Prudential of Japan is facing an investigation into fraud spanning nearly 35 years, involving over 100 current and former employees who defrauded hundreds of customers of an estimated $19.9 million, potentially leading to $300-$350 million in losses for the company. The misconduct, primarily due to high-stakes compensation and close consultant-client relationships, has led to a freeze on new sales and hires, a shift in business model, and planned reforms to compensation and recruitment processes. Prudential of Japan has apologized and is actively working on compensating victims and rebuilding trust.

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