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Shohei Ohtani’s Ex-Interpreter Charged With Bank Fraud, Stole $16 Million From Baseball Star

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By Tony Saavedra, San Gabriel Valley Tribune, West Covina, Calif. (TNS)

Baseball superstar Shohei Ohtani’s former interpreter has been charged with stealing more than $16 million from Ohtani’s bank account to pay the translator’s illegal gambling debts, federal authorities announced Thursday, April 11.

Ippei Mizuhara, who was fired by Ohtani’s current team, the Los Angeles Dodgers, is charged with a single count of bank fraud, carrying a possible federal prison sentence of up to 30 years.

Mizuhara is scheduled to surrender Friday in U.S. District Court in Los Angeles, authorities said. He is expected to be released on bond. Mizuhara’s attorney, Michael Freedman, declined comment Thursday.

At a news conference in downtown Los Angeles, U.S. Attorney for Los Angeles Martin Estrada said Mizuhara, 39, of Newport Beach had impersonated Ohtani in phone calls to the bank to authorize the wire transfers to an illegal bookmaking operation. Estrada said Mizuhara in 2018 helped Ohtani set up the bank account in Arizona to deposit the ballplayer’s salary, so he was familiar with the codes and personal information necessary to access the money.

Investigators found recordings of the phone calls between Mizuhara and bank officials.

Mizuhara allegedly told Ohtani’s U.S.-based financial professionals, none of whom spoke Japanese, that Ohtani had denied them access to the account, authorities said.

Ohtani knew nothing of the fraud or gambling payments and was purely a victim, Estrada said, adding that investigators reviewed electronic communications between Ohtani and Mizuhara and none included discussions about gambling or authorization to access Ohtani’s bank account.

“Mr. Mizuhara used and abused (his) position of trust in order to plunder Mr. Ohtani’s bank account,” Estrada said, adding that Mizuhara was feeding an “insatiable appetite” for gambling.

Authorities added that up until March, Mizuhara also used Ohtani’s account to buy about 1,000 baseball cards for $325,000 through eBay and Whatnot. Mizuhara allegedly used the alias “Jay Min” and had the cards sent to the Dodgers’ clubhouse.

Mizuhara’s involvement with the Orange County bookmaker turned up in a far-reaching investigation by the IRS, Homeland Security and FBI into illegal gambling in Southern California and the laundering of proceeds through Las Vegas casinos, according to an affidavit filed with the federal complaint. To date, the probe has led to 12 convictions and what authorities called “non-prosecution agreements” with two casinos in Las Vegas.

Mizuhara met the bookmaker in 2021—a source said in San Diego after a Padres game—and started placing sports bets, according to authorities. In time, the bets became more frequent and of higher denominations, amounting to thousands of wagers. None was on baseball, Estrada said.

From November 2021 to January 2024, Mizuhara wired funds through his electronic devices and IP addresses to the bookie, authorities said.

Estrada said winnings from Mizuhara’s gambling ventures went straight to his account, not Ohtani’s.

Mizuhara was fired by the Dodgers in late March while the team was in Seoul, South Korea, for two major league games with the Padres after published allegations tied him to an estimated $4.5 million in payouts from Ohtani’s bank account to the alleged illegal bookmaking operation.

At the time, Ohtani’s attorneys issued a news release that the Dodgers superstar was the victim of “massive fraud” and that they were turning the matter over to authorities.

Mizuhara, a graduate of Diamond Bar High School, told ESPN that he had paid the money through Ohtani’s account to an associate of alleged bookie Mathew Bowyer, a former exterminator and commodities trader who now operates a Brazilian jujitsu studio.

Bowyer’s attorney, Diane Bass, has said Bowyer dealt only with Mizuhara and never with Ohtani. But a source affiliated with Bowyer said the bookmaker allowed his associates to believe that Ohtani was doing the betting as a way of drumming up business.

In a later news conference in Seoul, Ohtani told a worldwide gathering of reporters that he never gambled and that Mizuhari had lied to him and stole from him. Ohtani told the media that he was “very saddened and shocked.”

The source said Mizuhara bet on international soccer and professional football and basketball, not baseball, which is disallowed by the league.

Mizuhara was a fixture in Ohtani’s life during the ballplayer’s meteoric rise in the big leagues, initially with the Los Angeles Angels. More than just an interpreter, he had become a trusted friend and what Estrada described as a “de facto manager.” Mizuhara often caught for Ohtani in pregame warm-ups, battled with him in video games and made grocery runs for Ohtani during the pandemic.

Ohtani took Mizuhara with him when he left the Angels after six years to join the Dodgers in free agency on a 10-year, $700 million contract.

In the aftermath of the gambling scandal, questions arose about Mizuhara’s resume, as cited in news stories and the Angels media guide. The Athletic reported that Mizuhara never attended or graduated from UC Riverside as stated in his bio and that he did not interpret for players in Boston and New York.

Staff writer Scott Schwebke contributed to this report.

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(c)2024 San Gabriel Valley Tribune, West Covina, Calif. Visit San Gabriel Valley Tribune, West Covina, Calif. at https://www.sgvtribune.com/. Distributed by Tribune Content Agency LLC.

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Leaders

Mark Cuban is The Maverick Entrepreneur Changing Business and Beyond

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Mark Cuban's journey embodies the American entrepreneurial spirit

From selling garbage bags door-to-door as a child to becoming a billionaire tech pioneer and beloved “Shark,” Mark Cuban’s journey embodies the American entrepreneurial spirit. His straight-talking approach and business acumen have made him one of the most recognizable business figures of our time.

Early Life and Education

Born in Pittsburgh on July 31, 1958, to working-class parents, Cuban learned the value of hustle early. His grandfather, a Russian immigrant, sold merchandise from the back of his car—perhaps planting the entrepreneurial seed that would define Cuban’s future.

After graduating from Indiana University in 1981 with a degree in business, Cuban didn’t follow a traditional career path. Instead, he moved to Dallas with just $60 in his pocket, sleeping on the floor of a friend’s apartment while working as a bartender.

Building His Fortune

Cuban’s first major success came in 1990 when he sold his computer consulting firm, MicroSolutions, for $6 million. However, his true financial breakthrough arrived during the internet boom of the 1990s. Cuban and his business partner Todd Wagner founded Broadcast.com, an internet radio company that streamed audio of sports events and other content.

In 1999, Yahoo acquired Broadcast.com for $5.7 billion in stock—a deal that instantly made Cuban a billionaire and cemented his place in tech history.

The Dallas Mavericks Era

In 2000, Cuban purchased a majority stake in the NBA’s Dallas Mavericks for $285 million. Under his passionate and sometimes controversial leadership, the team transformed from a struggling franchise into NBA champions in 2011.

Unlike traditional team owners, Cuban sits courtside at games, openly criticizes referees, and maintains close relationships with players. His hands-on approach revolutionized NBA ownership culture and turned the Mavericks into a billion-dollar franchise.

Beyond Business: Media and Philanthropy

Cuban’s charismatic personality made him a natural fit for television. Since 2011, he has been a main investor on ABC’s “Shark Tank,” where his no-nonsense approach and investment savvy have helped launch numerous successful startups.

Behind the public persona lies a dedicated philanthropist. The Mark Cuban Foundation supports various causes, including entrepreneurship programs for at-risk youth and research into treating rare diseases. Following the COVID-19 pandemic, Cuban launched Cost Plus Drugs, aiming to dramatically reduce prescription medication prices for millions of Americans.

Looking Forward

Today, Cuban continues to disrupt industries through his forward-thinking investments in AI, cryptocurrency, and healthcare. Despite his billions, colleagues describe him as remarkably approachable and genuinely passionate about helping entrepreneurs succeed.

Cuban remains focused on making healthcare more affordable through Cost Plus Drugs and exploring new frontiers in digital technology. His commitment to transparency in business practices and creating opportunities for others forms the cornerstone of his ongoing legacy.

For aspiring entrepreneurs, Cuban’s advice remains consistent: follow your passion, outwork the competition, and always be learning. As he often says, “Work like there is someone working 24 hours a day to take it all away from you.”

Mark Cuban’s journey from selling garbage bags to building a multi-billion-dollar empire proves that with determination, innovation, and a willingness to challenge the status quo, extraordinary success is possible.

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Technology

Quantum Computing is Transforming Industries, Security, and Future Technologies

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Quantum Computing is Transforming Industries, Security, and Future Technologies

Quantum computing is rapidly emerging as one of the most transformative technologies of the 21st century. Unlike classical computers, which use bits to process information as either 0s or 1s, quantum computers leverage qubits, allowing them to exist in multiple states simultaneously. This property, known as superposition, along with entanglement and quantum tunneling, enables quantum computers to solve complex problems exponentially faster than traditional systems. As this technology advances, industries across the board are exploring its potential to revolutionize computing, security, and data processing.

Real-World Applications of Quantum Computing in Industries

Several industries are already benefiting from quantum computing’s capabilities. In healthcare, quantum algorithms are accelerating drug discovery by simulating molecular structures at an unprecedented scale, significantly reducing the time required for pharmaceutical research. Financial institutions are leveraging quantum computing to optimize trading strategies, portfolio management, and risk assessment. In manufacturing, quantum simulations enhance material science, leading to the development of stronger and more efficient materials. The logistics sector is also utilizing quantum computing to optimize supply chain management, reducing operational costs and improving efficiency.

Key Developments from Tech Giants in Quantum Research

Leading technology companies such as Google, IBM, Microsoft, and Intel are at the forefront of quantum computing research. Google made headlines with its claim of achieving quantum supremacy in 2019 when its quantum processor completed a calculation in 200 seconds that would take a classical supercomputer thousands of years. IBM continues to advance its quantum computing roadmap with cloud-accessible quantum computers and the development of a 1,000-qubit processor. Microsoft is investing heavily in topological qubits, a novel approach aimed at creating more stable quantum processors. Meanwhile, Intel is working on silicon-based quantum chips, striving to make quantum computing more scalable and accessible.

Quantum Cryptography and Its Potential to Redefine Security

As quantum computers advance, they pose a significant threat to current encryption methods. Traditional cryptographic techniques, such as RSA and ECC encryption, rely on the difficulty of factoring large numbers, a challenge that quantum computers can overcome almost instantly. Quantum cryptography, particularly quantum key distribution (QKD), offers a solution by leveraging the principles of quantum mechanics to create theoretically unbreakable encryption. Governments and cybersecurity firms are actively researching post-quantum cryptographic solutions to safeguard sensitive data against potential quantum attacks.

Challenges in Scaling Quantum Technologies

Despite its immense potential, quantum computing faces several challenges before it can become widely adopted. One of the biggest hurdles is qubit stability, as qubits are highly sensitive to environmental disturbances, leading to errors in computations. Error correction mechanisms are still in their early stages, requiring significant advancements before quantum computers can handle large-scale, practical applications. Additionally, quantum hardware is expensive and requires extreme cooling conditions, making commercialization difficult. Researchers and tech companies are actively working on solutions to address these challenges, but widespread implementation remains years, if not decades, away.

Conclusion

Quantum computing is poised to revolutionize industries by solving complex problems beyond the reach of classical computers. From pharmaceutical research and financial modeling to secure communications and logistics optimization, its applications are vast and transformative. However, challenges related to scalability, stability, and cost must be addressed before quantum computers can become mainstream. With continued advancements from tech giants and research institutions, the future of quantum computing holds immense promise, paving the way for groundbreaking innovations in computing and security.

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Technology

Reddit CEO Steve Huffman Unveils Monetization Strategy for 2025

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Reddit CEO Steve Huffman Unveils Monetization Strategy

In a strategic move to diversify revenue streams and enhance user engagement, Reddit CEO Steve Huffman has unveiled plans to introduce paid subscriptions for select subreddit content by the end of 2025. This initiative aims to offer exclusive, subscriber-only content within certain communities while maintaining the platform’s foundational free access.

During a recent “Ask Me Anything” session, Huffman described the paid content model as a “work in progress,” emphasizing its significance as one of the “new, key features” slated for rollout this year. He reassured users that the introduction of paid subreddits would not compromise the availability and growth of free content on the platform. This approach seeks to balance monetization efforts with Reddit’s commitment to open access, ensuring that the core user experience remains intact.

In addition to paid subscriptions, Reddit is exploring the development of marketplace features within subreddits. This would enable users to conduct transactions directly on the platform, facilitating the buying and selling of goods and services without the need for third-party platforms. Such a marketplace could significantly enhance user interactions and create new monetization avenues for both Reddit and its users. However, Huffman noted that this aspect of monetization is still under development and may take time to fully implement.

These strategic initiatives come in the wake of Reddit’s financial performance in 2024, where the company reported a net loss, prompting a reevaluation of its monetization strategies. Despite the financial setback, Reddit experienced a 39% increase in daily active unique visitors, totaling 101.7 million users. This growth, although slightly below market estimates, underscores the platform’s expanding user base and the potential for monetization through diversified offerings.

Reddit’s foray into paid content and on-platform transactions reflects a broader trend among social media platforms seeking sustainable revenue models beyond traditional advertising. By introducing exclusive content and facilitating user-driven commerce, Reddit aims to enhance user engagement, attract new audiences, and provide content creators with opportunities to monetize their contributions. As these plans unfold, the platform will need to navigate potential challenges, including user reception and the integration of new features, to successfully balance monetization with its community-driven ethos.

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