Bigbird

In many countries, when things screw up. Boss take accountability and resign and apologies! Sg is like NK! Boss just blame sinkies or others! Songboh!

Prudential scandal: Aggressive sales tactics, lack of oversight fueled fraud BY MIEKO SHIMIZU ON JANUARY 25, 2026 TOKYO (TR) – Earlier this month, Prudential Life Insurance Co., Ltd. revealed that current and past employees inappropriately received over 3.1 billion yenfrom nearly 500 customers. At the press conference on January 23, president Kan Mabara apologized: “We sincerely and deeply apologize for the great anxiety and inconvenience caused to our customers and others who were victimized by the discovery of serious inappropriate conduct over many years.” Mabara also announced that a third-party committee would be established to provide compensation to customers. As well, he has resigned from his post, effective on February 1. Obviously, the story does not end there. Since the revelations became public, various tabloids have issued reports as to what actually went on at Prudential Life. In summary, it was a large-scale fraud carried out by aggressive salespeople that manipulated a system lacking oversight. Shukan Bunshun Jan. 29 Repeated arrests Founded in 1987, Prudential Life utilizes a uniquely aggressive sales style for its sales representatives, who are known as “Life Planners.” As a result, the company has generated approximately 3.8 trillion yen in premium and other income, rivaling Sumitomo Life Insurance to make it one of Japan’s leading life insurance companies. Shortly after its start, that aggressive sales approach got out of control. Those past and current employees involved in the fraud made fictitious investment offers to policyholders and potential customers, promising principal guarantees and high returns, and then had them transfer money into their accounts. Some victims suffered losses in the tens of millions of yen, and lawsuits have been filed against the company. Prudential Life began its internal investigation in August 2024, triggered by the repeated arrests of former employees on suspicion of fraud, reports weekly tabloid Shukan Bunshun (Jan. 29). “In June 2024, Ishikawa Prefectural Police arrested a former employee in his 60s for defrauding Prudential Life customers under the guise of investment management,” a social affairs reporter explains. There were 34 victims with losses totaling 750 million yen. In September of the same year, another former employee in his 30s was arrested on suspicion of fraud for making fictitious investment offers. The Financial Services Agency became concerned by the string of these fraud cases. In April 2025, it ordered Prudential Life and its Japanese holding company to issue a report under the Insurance Business Act. Furthermore, it was discovered that Prudential Life had received inappropriate payments through methods unrelated to its insurance operations. “Since 1991, a total of 106 current and former employees approached a total of approximately 500 customers with investment and profit-making opportunities in cryptocurrencies and other assets, and embezzled the money they received. Numerous cases were also found in which the employees borrowed money and never paid it back,” the reporter says. These employees received a total of approximately 3.08 billion yen. Of that, approximately 2.29 billion yen has not been returned to customers. In one case, a woman sued a female employee who had sexual relations with her husband in securing a deal, a practice referred to ask makura eigyo (pillow sales). Another female victim tells her story in a later report on the online site of Bunshun (Jan. 24). After meeting a Life Planner at an izakaya restaurant, she signed up for insurance. “[The LP] was always living a life of luxury, even paying for other customers’ bills at restaurants,” she says. “I also remember him bragging about ‘paying his mistress’s rent’ despite being married.” However, six months later, he asked her for money for divorce mediation. She wound up lending him 1.23 million yen, which he promised to pay back. “I trusted him because of the company’s title, Prudential Life, and his lavish lifestyle,” she says. The money was never returned. Very long article.. Read more from link below https://www.tokyoreporter.com/japan-news/tabloid/prudential-scandal-aggressive-sales-tactics-lack-of-oversight-fueled-fraud/

In GZ now, any expert know where have good TCM or Spa or sports injury? Or good Tuina? Kumsai

This party have no integrity! MIW poopies Fcuk Up so many times, yet is NO blame culture! SOngboh!

No matter how many own goals or failures like simply-like-sh!t, NRIC, Mas Selamat, Transport issues,...... Sinkies are hopeless lah! Trump please forget about Greenland and occupy SG!

Btw why this forum have so many views but so little participation?

No wonder! i was wondering how come got censorship of XXX pictures. So many boxes! I was thinking if those are XXX ads!

Many foreign companies especially use Sg as a source of easy funding! Many startup from India, Asia and even EU, knows its tough for them to get get funding in their own countries due to stringent due diligence! So they come to Sg, as they know Sg is "cash rich" and easy to get funding. All they need is a good pitch and sound like they know what they are doing! Just look at our famous "buy high sell low" temsick and GIC. p.s. i am not refering to Manus company.

It's very obvious, most 65% Sinkies are utterly useless! Complaint about everything, yet still go back there and pay for it. Kumgong Kia! Gong gong tai sia suay kai! Just like election, complaint yet still vote MIW! Chow Sinkie! This is why MIW treat sinkies like lab rats! No balls to walk away and look for alternatives! Weak ki lan!

I am not refering to any particular stall, just saying in general. Many HC/Kopitiam malay stall increase price during CNY. On These Malay stalls, Its not like they scarifies their new year to cook for Chinese. If Hari Raya, i can understand. Songbo!

https://thethaiger.com/news/national/british-man-thai-woman-lewd-act-pattaya-beach The 61yo Is Thai. Probably work in Sg for a long while. See everyone like to be a Sinikie imposter! Songbo!

Is that a confession? So what is he going to do about this? Increase their salary?

Even Malay stall also want to charge CNY fee. Its been going on for long time liao. So i go other peoples house "steal their lunch"!

I havent eaten there for long time liao.

MIC leh! Bank app sure will flag for security concern.