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Financial planner who stole $2.8 million faces sentencing

October 27, 2011 | 11:53 am

A financial planner convicted of stealing $2.8 million from elderly victims, many of whom he met through the church where his father was a minister, is scheduled to appear Friday for sentencing in Santa Ana.

Prosecutors expect Hitomi Tsuyuki, 57, of Coto de Caza to be sentenced to 18 years in state prison.

Tsuyuki was arrested in 2008 and pleaded guilty last month to 17 felony counts of the use of untrue statements in the sale of a security.

He also pleaded guilty to 10 felony counts of theft from an elder, one felony count of grand theft and one felony count of the use of a scheme to defraud.

Tsuyuki stole from 33 clients, many of whom he had known since he was a child, over a 10-year-period, prosecutors said.

While working as a financial planner, he convinced clients to invest in bonds through his company but instead kept the money for himself, they said.

Multiple victims were expected to attend the sentencing and make victim impact statements.


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