Ex-Fuji Xerox employee arrested for 440 million yen embezzlement

Wednesday 20th August, 05:09 PM JST

TOKYO —

Police on Tuesday arrested an former Fuji Xerox employee for the embezzlement of 440 million yen. The suspect was fired in April of this year and the company subsequently reported the case to police.

Katsutoshi Masago, 41, was arrested for allegedly embezzling 440 million yen by selling 2,100 PCs which he had ordered under the company name in June, 2007. Police believe he had previously sold more PCs in the same way and has embezzled a total of 1.18 billion yen since February of 2002.

Police said Masago spent the money on his gambling debts. Masago admits the allegations, according to police.

12 Comments

meanmutha at 06:45 PM JST - 20th August

fry this dude.
romulus3 at 07:51 PM JST - 20th August

big debts. he was taken by the monster gamblore. bad news. He betrayed his employer and family for his addiction. very sad.
LIBERTAS at 09:58 PM JST - 20th August

Death! But not if he can finger an LDP member! (Case by case!)
usaexpat at 12:08 AM JST - 21st August

Wow props to this guy for having the guts to siphon off that much money. This guy was either crazy, stupid or owed money to the wrong people. How do you get that far in gambling anyway? Most embezzlers take a lot longer to get caught because they take in smaller increments. Anyway, the lesson is they all get caught in the end.
ca1ic0cat at 01:35 AM JST - 21st August

wow, that's amazing. I wonder what they think of this down in Ebina?
franz75 at 07:22 AM JST - 21st August

He should have tried to copy bank notes...
OgieDoggie at 07:43 AM JST - 21st August

has embezzled a total of 1.18 billion yen since February of 2002.

Apparently this guy will NOT be getting the "Employee of the Year Award" !
lipscombe at 08:42 AM JST - 21st August

he's ok, over the 40 year old borderline, suspended sentence. poor Horiemon should have waited a few more years
Altria at 10:28 AM JST - 21st August

I heard another scandal about how Fuji-Xerox employees were sitting on the photocopiers and making printouts of their butts.
PLANETCOP123 at 11:14 AM JST - 21st August

A gambler, to fund his habit. Perhaps he can work ethically with u all and pay the money back over some years and also make equal.?? from PlanetCop.
nimbus at 11:26 AM JST - 21st August

That is a lot of money. I guess the company has no internal control to oversea ordering of equipment, approving bill payments, etc.
dennis0bauer at 03:05 PM JST - 21st August

OgieDoggie but he will get the Embezzler of the year award