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Exec Hints at Stolen Money

26 May 2004

ILLINOIS – As reported by the Chicago Sun-Times: "The $4.6 million missing from a Schaumburg company's account might have gone unnoticed for months if the firm's president hadn't dropped a hint:

"Hisashi Shimizu of Buffalo Grove, who turns 48 today, allegedly took millions of dollars from a Toda America Inc. account and, as a parting shot, sent an e-mail to the company's CEO and sales director saying he was leaving with the money.

"'I am taking the company's money and disappearing. This is revenge on President Toda,' the complaint alleges Shimizu wrote in an April 6 e-mail. 'What I have done is a crime. I am aware of this.'

"…Federal investigators traced his credit card use to Las Vegas and arrested him last Friday at the Rio Suites casino, where he was staying, said Assistant U.S. Attorney Brian Havey.

"…Shimizu, who authorities believe is a compulsive gambler, is charged with embezzling company funds…"

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