Japanese nationals duped into buying land in PunaUPDATED 10:58 PM HST Jun 20, 2014Video Transcript
undeveloped jungle. Good evening I'm Kenny Choi.. Yunji has the night off. Japanese nationals are now suing the people who sold the land to them-- saying they got tricked into buying worthless property at ten times the price. Here's KITV4's Nana Ohkawa. Allegedly promised beautiful, exclusive land on Hawaii--But ended up purchasing this wild jungle on top of lava. Two Japanese National families are suing Benfact U.S.A run by the Yamazaki family--also Japanese. The suit claims Benfact falsely represented foreign ownership of property in Hawaii as normally not allowed--with a few exceptions. 26 THEY COULD ENTER INTO A LOTTERY AND THEY COULD WIN THE RIGHT TO PURCHASE THESE PROPERTIES 33 They won the lottery! The alleged pitch..it's desirable property--you need to go through Benfact to purchase it. One family bought a piece of land for more than 128- thousand when property tax record states it's only worth 10- thousand. All together the buyers bought four properties and spent more than 350-thousand dollars. The suit alleges unfair and deceptive trade practices.. 1058 HIROSHI REPRESENTED THAT HIS COMPANY HAD A RELATIONSHIP WITH A BIG TRAVEL AGENCY IN JAPAN AND THEY FURTHER DEVELOPED PROPERTY AND BUILT HOUSE ON PROPERTY THEY COULD DO SHORT TERM RENTALS TO JAPANESE TOURISTS THAT WOULD RETURN 16 PERCENT OR SO 1113 After buying the property-the nightmare wasn't over-- the families had to pay tens of thousands to clear and grade them--that work never happened. 258 THEY ARE JAPANESE PEOPLE WHO TRUST A JAPANESE NATIONAL WHO ARE ALLEGED LICENSED TO DO BUSINESS SPECIFICALLY BY THE UNITED STATE EMBASSY OR THE STATE OF HAWAII 11 But as the suit claims the Yamazaki's aren't even licensed to sell property in hawaii. 2553 OUR POSITION IS THAT EVERYTHING WAS EXPLAINED AND DISCLOSED THERE WAS AN UNDERSTANDING AND THE PARTIES THE SELLERS AND BUYERS HAD A GOOD RELATIONSHIP 04 One side says those suing did personally see the property the other side says they didn't. The attorney for the plaintiffs is now hoping the defendants agree to settle. Otherwise the case will be taken to trial.