Our former treasurer has been indicted for allegedly embezzling approximately $30,000 from our group.
Junsei Ito faces a federal mail fraud charge for allegedly using group money to pay personal expenses and then falsifying group financial records to cover up the scheme, according to the indictment.
When this issue came to light in February 2013, we appointed a new treasurer, bolstered our accounting practices and enacted additional safeguards for overseeing and tracking our revenue and expenses.
We want to make our donors, clients, fans and other interested parties aware of the situation and we want to assure them that we are doing everything we can to not only recover our money but also prevent this from ever happening again.
Until now, we have not been able to say anything, under direction from our attorney, as the matter works its way through federal court. But with recent media coverage, we wanted to take this opportunity to address our fans directly.
Thank you for your continued support.
Director, St. Louis Osuwa Taiko