Orange County Financial Planner Jailed In $2.8 Million Theft

Hitomi Tsuyuki, 54 of Orange County’s exclusive Coto de Caza was arrested at his daughter’s graduation ceremony in Costa Mesa accused of stealing $2.8 million from clients. Orange County prosecutors have charged Tsuyuki with 200 counts of grand theft, elder fraud and false security documents.
If he is convicted of all counts, Hitomi Tsuyuki can face 163 years in prison, however, not a likely result. In the meantime, Tsuyuki is being held in custody on $3 million dollar bail and the prosecutors have attached a petition to have the source of the bail funds traced to ensure he doesn’t use client monies to post bail.

Prosecutors allege, Tsuyuki stole the $2.8 million over a period of ten years starting in 1997. Prosecutors further allege Mr. Tsuyuki encouraged his clients to purchase bonds and when they deposited the money, Tsuyuki spent the money and created false documents to provide to his clients to make it appear they had purchased bonds.

As of this posting, Mr. Tsuyuki is still in custody at Orange County Jail and his arraignment was continued to July 9, 2008 at his attorney’s request.
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