PEZY President Arrested, Charged with Fraud
By Tiffany Trader
December 6, 2017
The head of Japanese supercomputing firm PEZY Computing was arrested Tuesday on suspicion of defrauding a government institution of 431 million yen (~$3.8 million). According to reports in the Japanese press, PEZY founder, president and CEO Motoaki Saito and another PEZY employee, Daisuke Suzuki, are charged with profiting from padded claims they submitted to the New Energy and Industrial Technology Development Organization (NEDO).
By Tiffany Trader
December 6, 2017
The head of Japanese supercomputing firm PEZY Computing was arrested Tuesday on suspicion of defrauding a government institution of 431 million yen (~$3.8 million). According to reports in the Japanese press, PEZY founder, president and CEO Motoaki Saito and another PEZY employee, Daisuke Suzuki, are charged with profiting from padded claims they submitted to the New Energy and Industrial Technology Development Organization (NEDO).
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