Feeds

Embezzler stings IBM, Microsoft in Japan

Worker fired by Big Blue, repeated naughtiness at house of Windows

The essential guide to IT transformation

A former IBM Japan employee who stole nearly £1 million from Big Blue has been arrested in Tokyo on suspicion of embezzling £100,000 from his new employer, Microsoft Japan.

Yoshiyuki Ikutani, 48, who hails from the capital, worked for a year at IBM Business Consulting Services, but pocketed most of the fee he charged clients instead of sending it to his employer, according to MSN (via RocketNews24).

Although it’s thought he may have swiped as much as ¥300m (£2m) from firms since 2005, the authorities have apparently gone for the lower hanging fruit, charging him with embezzling ¥130m (£870,000) from 12 bank transfers over the April 2008-April 2009 time frame.

Ikutani allegedly even hired actors from a local talent agency in a desperate attempt to evade detection. He’d apparently get them to pretend to be clients and apologise to his employer for late payment of fees.

After IBM Business Consulting Services was merged with IBM Japan, the new firm began to investigate the alleged serial embezzler, but by that time he was already at Microsoft Japan, and up to the same tricks.

At Redmond's Japanese outpost he managed to pocket ¥15 million (£100,000) illegally, apparently by setting up a fictitious consulting company and forging the signature of the imaginary president on bank transfers.

Ikutani was fired from Microsoft in September 2011 but it’s taken up until now for the local plod to catch up with him.

He apparently invested the embezzled funds in various private ventures including foreign exchange trading. ®

The essential guide to IT transformation

More from The Register

next story
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.