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Company sues ex-GM for allegedly embezzling funds
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Posted on Jun 19 2011
A company has sued its former general manager for allegedly embezzling money, including unauthorized purchase of dog food and stone ring.
Yama’s Co., doing business as Saipan Yama’s Co., sued Makoto Hirata for breach of fiduciary duty, fraudulent misrepresentation, and conversion.
Yama’s Co., through counsel Judy DLG. Torres, asked the Superior Court to order Hirata to pay the company $105,236 in special damages, plus unspecified amount of other damages, court costs, and attorney’s fees.
Saipan Tribune tried to reach Hirata for comment yesterday, but his telephone number as listed in the directory is no longer in service.
Torres stated in the complaint that Hirata was employed by Yama’s Co. as the general manager, from April 2006 until July 2009, and was a board of director for the company from October 2006 until July 2009.
Torres said in his capacity as a general manager and or board of director, Hirata was the signatory for the company.
She said the defendant’s responsibilities included receiving and depositing monies issued to Yama’s Co., making purchases for plaintiff and recording daily receipts and disbursements.
Torres said beginning December 2006, Hirata allegedly began to embezzle money from the company.
The lawyer said Hirata embezzled by fraudulently representing on the books of Yama’s Co. that his purchases were for matters related to the operation of the company in the total amount of $105,236, when in fact the purchases were for his personal gain and use.
Examples of defendant’s unauthorized purchases are restaurant meals, dog food, utility payments for his own residential unit, stone ring, and so forth.
Torres said that, in December 2009, plaintiff confronted Hirata of the embezzlement and that he admitted his fraudulent actions in wrongfully using $105,236 of the company’s funds.
