Coto de Caza Man Charged with Stealing $2.8 Million from Elderly
June 20, 2008
According to the OCDA’s office, a Coto de Caza financial planner will be arraigned today on charges of stealing more that $2.8 million from elderly people, some of whom he met through his father's church.
Hitomi Tsuyuki, is charged with felonies for 93 counts of grand theft, 78 counts of the use of untrue statements in the sale of a security, 29 counts of theft from an elder, and one count of the use of a scheme to defraud. He faces sentencing enhancements for causing property damage over $2,500,000, aggravated white collar crime over $500,000, and loss over $100,000. He faces a maximum sentence of 163 years and four months if convicted. Tsuyuki is being held on $3 million bail and is expected to be arraigned this afternoon, Friday, June 20, 2008, at 1:30 p.m. at the Central Justice Center in Santa Ana. A
Between Nov. 22, 1997, and Nov. 8, 2007, Tsuyuki, a financial planner, is accused of stealing more than $2.8 million from clients by convincing them to invest in bonds and instead spending the money for personal use. Many of the victims had been associated with Tsuyuki since he was a child, as they had attended the church where the defendant's father was a minister.
The defendant is accused of encouraging victims, many of whom were elderly and trusted him, to invest in an opportunity that he falsely represented as the purchase of a tax free municipal bond. He is accused of instructing the victims to make the checks out to his company, Tsuyuki Integrated Financial Resources. Tsuyuki is accused of depositing the money into his own accounts instead of investing it as promised and using the money for personal expenses. The defendant is accused of also offering victims the opportunity to purchase interest in a money market account, instructing them to make checks out to the money market account fund, and instead depositing the checks into his personal account to spend on personal and business expenses.
When victims asked for documentation of their invested money, Tsuyuki is accused of creating false statements to reassure victims that their investments were safe.
Investigators began to review the case after receiving complaints from a few victims, who realized their investments were lost when they attempted to liquidate several years after initially making the investment. Several victims were unaware that their investments had been embezzled until being contacted by the Orange County District Attorney's Office (OCDA) during the course of the investigation. To date, 35 victims have been identified. The defendant was arrested Wednesday by OCDA investigators.
Anyone with additional information or who believes they have been a victim is encouraged to contact Supervising District Attorney Investigator Bob Helvin (714)347-8691.
Related Stories
CotoBlogzz Tagzz - use any number of social networking managers to share this (or any other articles in the Internet) with others...click here and select social bookmarkings threads
RELATED STORIES
The Coto Soccer Mom Syndrome
A few months back and in a parting shot, a former member of the CZ Master Board of directors in an interview with the Orange County Register blamed the ?Coto Traffic Problem? on the Coto Soccer Moms. This was a surprise to us, given that the Traffic...
Coto de Caza Man Charged with Stealing $2.8 Million From Elderly
According to the OCDA?s office, a Coto de Caza financial planner will be arraigned today on charges of stealing more that $2.8 million from elderly people, some of whom he met through his father's church.
Coto de Caza Teen Charged with Breaking Into School to Cheat
According to the OCDA?s office, two Tesoro High School seniors have been charged with hacking into the school computer system and changing grades to better their chances of college admission after breaking in to the high school late at night.
The Start of a New OCSD Era: Will Sheriff Hutchens be more accessible?
In less than a Coto kid can hack a computer to change his grades, an aid to Sheriff Hutchens was able set up a meeting so that the CotoBuzz Journal can interview the Sheriff. Compare that to multiple unanswered request to meet with interim Sheriff...
COTO DE CAZA - PUBLIC SAFETY MEETINGS INVITATION! If you are as concerned as we are about safety (accident prevention, crime prevention, vandalism and invasion of privacy), please join us January 10th at 9:30 am on the first floor of the Board Hearing Room at 10 Civic Center Plaza in Santa Ana, where we are requesting the board of supervisors to NOT repeal Ordinance 6-4-200 as described below in a letter sent to the Orange County Board of Supervisors until all the facts are exposed. Your presence is important to provide balance, as we expect CZ board members and their few ardent supporters to be there
Chasing Red Herrings, Chasing Votes, Chasing Pork and Supervisor Wilson’s Trojan Horse.The Orange County Board of Supervisors continued the debate on the fate of Ordinance 6-4-200 of the Codified Ordinances of the County of Orange, California, and assembled at the Civic Center in Santa Ana California January 10, 2006. A repeal of the ordinance Supervisor Wilson called arcane, would allow the Sheriff to patrol unincorporated areas of Orange County California, with “no financial impact”, according to supervisor Wilson – that is, a free lunch - coupled with the non-neutral word arcane, constituents of course know what is coming next!
Currency Devaluation & The New Sheriff in Town
In a self-congratulatory column, a local columnist exults his political acumen and rhetorically asks ? When two weeks ago, I devoted an entire column to Hutchens ? and Hutchens alone among the nine candidates, didn't that tell you something??, then goes...
The New Sheriff in Town and the Gender Card
Amidst a mud wrestling battle rivaling the WWF the Orange County Board of Supervisors scored a 3-2 split decision between Sandra Hutchens and Paul Walters. During the days leading to this vote, charges and countercharges were hurdled, including claims...
Loopholes, the OCWWF and the next OCSD
The Spin Machines for Hutchens and Walters for OC Sheriff are full throttle trying to persuade the Orange County Board of Supervisors that their gal or guy is the right person for the job. So much dirt is flowing in both directions putting SUV commercials...
CZ Master Association Harkins (Attorney) Letter - Zipperman's (CZ President's) First Test? Mr. Harkins: I am in receipt of your letter dated June 12, 2007 in reference to the requests that I made concerning our last CZ Board Election, obtaining the CZ Master’s financial records and the Sports League Roster specific to use of our Sports Park . Let me address each issue in response.
CZ Master Association Board of Directors Candidates Night ? A Voice Of Reason
Vince Hylka emerges as a breadth of fresh air, not seen in a CZ board of directors in years! The traditional annual meeting where delegates meet to hear candidates to the CZ Master Association board of directors prior to deciding how to cast their...
Paraphrasing the OC Register on coverage of CZ Master Association Candidate?s Night.
In the article titled Delegates meet HOA board candidates, published May 17, 2007, new OC Register community reporter states that ?a moderator asked a range of questions that covered issues including security, direct voting, the possible installation of...
>CotoBlogzz Tagzz
Use any of the social networking managers below to share this or any other article with others....more bookmarking managers
Newsvine Backflip
Google del.icio.us
Select Blogzz & click icon
BlogzzSpot NewzzVinezz FeedBurner CotoBlogzz BraveBlogzz Y!360Blogzz
Archived Issues
Advertising rates/info
CotoBuzz Classified
General Information
BlogzzSphere
associations california news CCR's civil rights Common interest developments community association corruption Coto de Caza DUI elections hoa judges lawyer OC Sheriff political socal State Vandalism Vanitzian
Grab this swicki from eurekster.com
ADVERTISEMENT
To subscribe/unsubscribe to the CotoBuzz Journal or send Letters to the Editor : click here or send email to:
The CotoBuzz Journal P.O. Box 154 Trabuco Canyon, CA 92678 (509) 355-8895
Privacy Policy | Need Help? | Contact Us | Administrator: cotobuzz@yahoo.com
No comments:
Post a Comment