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10/16/2005

Japanese Accountant Embezzles 1.9 Billion Yen ...

        ... To Spend on His Seventeen Mistresses

Yen At first glance, balding, pudgy, bespectacled accountant Masaaki Matsubayashi hardly seemed a ladies man, but the 17 mistresses he accumulated over the past decade and a half told a different story.

It seems the little Lothario who operated the in-house health insurance system for Shikishima Baking Company had the kind of huge bulge in his pants that many women find the sexiest thing of all -- a packed wallet.

                           Obviously, he had the yen.

.

    Japan's 'Cashanova' showers 17 lovers with hot money

by Ryann Connell

At first glance, balding, pudgy, bespectacled accountant Masaaki Matsubayashi hardly seemed a ladies man, but the 17 mistresses he accumulated over the past decade and a half told a different story, according to Shukan Jitsuwa (10/27).

It seems the little Lothario who operated the in-house health insurance system for Shikishima Baking Company had the kind of huge bulge in his pants that many women find the sexiest thing of all -- a packed wallet.

Matsubayashi's yen for new women and their willingness to pop up and take his yen from him allowed the accountant to become a "Cashanova," a wildly successful lover who has to pay for the status.

Unfortunately for the Aichi adulterer, though, all the money he was flashing around on floozies -- 1.9 billion yen, cops say -- wasn't his. In fact, he told the Nagoya District Court earlier this month that he had embezzled the whole lot from his company.

Matsubayashi, a married, 56-year-old gandpa with two grown daughters, maintained his harem without his wife ever knowing what he was up to.

The longest of his relationships had gone on for more than 25 years and resulted in a child who is now an adult in his own right. Though no longer lovers, Matsubayashi continued funneling in to the woman 300,000 yen a month to live on until he was caught.

Nearly all of the 1.9 billion yen the Cashanova is accused of siphoning off was used to fund lavish lifestyles for his 17 mistresses. Like the case with his long-term lady, Matsubayashi continued to pay the living expenses of some of the mistresses even after they had broken up. In return, he demanded -- and got -- sex whenever he had the whim. And it seems he had it a lot.

Friends are utterly shocked.

"During the day, he was a typical salaryman who didn' care much what he looked like, but I must admit that when it came time to go home, he did always dress up to the nines," one of the Cashanova's few close friends tells Shukan Jitsuwa. "He'd put on a suit, new tie, shoes and even glasses. It was like he was getting ready for work. He'd buy his lovers posh cars like a Mercedes Benz and accessories like Rolex, Cartier or Bulgari watches."

Matsubayashi's favorite mistress was apparently a leggy 40-something owner of a Korean restaurant he is alleged to have paid up to 3 million yen a month to keep her flailing business afloat. She was also the receipient of the Mercedes.

Being a favorite didn't mean much to Matsubayashi, though. There were plenty of other fish in the sea. One was a bar hostess he bought an Alfa Romeo sports car for. Another a woman with a liking for kimono who had him foot the 2 million yen bill to refurbish her nightclub. One more stayed at home to look after the 4-year-old child he had fathered. It was a similar story for another woman who continued to receive 800,000 yen a month child support payments for yet another illegitimate child even though they had parted ways. There was even a foreign mistress.

In the end, the Cashanova's generosity with his company's money ended up being his downfall. All the money he was pouring into a restaurant run by one of his mistresses alerted tax authorities. Inspectors started looking into her books and discovered a mysterious link to the Shikishima Baking Company, Matsubayashi's employer.

When the tax inspectors approached the company in May to see if it could help solve the mystery of why an apparently struggling eatery had so much cash, they went straight to Matsubayashi, not because they suspected him, but because he was in charge of the accounts. But Matsubayashi immediately admitted to pocketing his company's funds, police say.

Police looked into the case in the early summer. The first week of July turned out to be a pretty bad one for Matsubayashi. On July 4, he was fired. Two days later, his wife, shocked to learn what her husband had been doing behind her back all these years, was granted a divorce. The day after that, Nagoya prosecutors arrested the Cashanova, accusing him of embezzlement and tax evasion and keeping him in custody even now that his trial for embezzlement is underway.

Matsubayashi has turned out to be something of a locquacious lecher, boasting of his sexual high jinks.

"I could only think of the people paying into the insurance fund I got the money from as sponsors for my lover," Shukan Jitsuwa quotes Matsubayashi as telling the police. "I wanted as many sex partners as I could get. I wanted even more mistresses."

At least two of the 17 mistresses received more than 200 million yen apiece. Three of the lovers bore his children. And all the while his family remained totally oblivious.

"His wife couldn't believe he'd done it. They've got a 30-year-old son and a 29-0year-old daughter who've both got lives of their own now," a source close to the case tells Shukan Jitsuwa. "The daughter has kids."

Despite all the millions of yen Matsubayashi allegedly lavished on his lovers, the family home in Toyohashi, Aichi Prefecture, was, to put it plainly, a dump. In a land where houses are routinely demolished after a decade because they are deemed to have no re-sale value, Matsubayashi's home had been built an almost unheard of 40 years ago. He had virtually no savings.

Co-workers of the Cashanova are still bewildered by the case.

"He was just such a serious type. He never showed he had any of the inclination to play around that has since been exposed. He was the type of guy who'd be among the earliest to leave company parties or drinking sessionsm" a co-worker tells Shukan Jitsuwa. "He worked in a team with four young women, but nobody ever knew he was going out to these clubs every night. He lived quite some way from the office, but he'd apparently rented out an apartment close to the company that nobody knew about either."

Matsubayashi told the opening session of his trial that his father's death in 1981 probably sparked him on his obsessive pursuit of mistresses. He initially paid for them by using his savings or borrowing from loansharks, but by 1990 had found himself up to his ears in debt and no way of repaying what he owed. Unless, of course, he dipped into the company money.

None of the mistresses appears likely to face punishment.

"To be able to prosecute them, it has to be proven that they knew they were receiving embezzled money. All they have to do is say that didn't know a thing and they can't be touched," a police investigation source says. "The mistresses are all shocked, saying what a lovely guy Matsubayashi is. None of them can believe he used 1.9 billion yen. But they all say they believe he's innocent."

Matsubayashi has lost everything his wife, his job, his home, his reputation and his mistresses. But he remains unreprentant.

"I want more new women," Shukan Jitsuwa quotes the Cashanova telling the police. "Sex pleases me more than anything else in the whole world. It's what I live for. I don't feel guilty at all."

Mainichi Daily News

                1,900,000,000 yen = $16,654,249.16

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Comments

>"Sex pleases me more than anything else in the whole world. It's what I live for. I don't feel guilty at all."<

This is one guy who could get away with the insanity plea because he wouldn't be faking it.

I don't know what this guy is, but I DO know what he is not - penile retentive.

Considering what he paid to get laid, he might be less penile-retentive than penile-absentia. In other words, Sigmund, think of your home city - VIENNA. And then think sausage. You twerp.

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