2003 to June 2005, and was its full-time director since June 2007. In 2013, he was sentenced to 2.5 years in prison, suspended for 4 years. Hideo Yamada Yamada, Hideo (山田秀雄) was Executive Managing Officer and Executive Officer of Olympus. He was a Standing Corporate Auditor of Olympus Corporation until November 2011. Yamada, who enjoyed observer status on the board, resigned. In 2013, he was sentenced to 3 years in prison, suspended for 5 years. Third parties Hajime Sagawa Sagawa, Hajime "Jim" (佐川 肇) is a graduate of Keio University. In 1978, he met his future wife in Tokyo, where she was teaching English and met him when she went to a concert where his band was playing; at the time he worked at Nomura Research Institute. They married a year later, and moved to New York soon afterwards. Sagawa worked for four years at Nomura Securities International in the early 1980s; he was employed at Drexel Burnham Lambert, and later became head of mergers and acquisitions at Sanyo Securities America in the 1980s. Sagawa spent six years at Paine Webber from 1991 until he was laid off in 1996, when he cofounded his own brokerage firm, Axes America, in 1997 according to securities filings. SEC filings from 2002 through 2005 show his firm's revenue never exceeded $445,000, all paid by offshore entities owned by the members of Axes. In 2006 Axes signed its first contract with Olympus, and received fees of $3.2 million; fees in 2007 amounted to $7.7 million and $24.2 million in 2008, most of which was from Olympus. Finra records show that Sagawa became sole owner of the firm in 2007. Sagawa and his wife divorced "by mutual agreement" in early November 2011. Through the divorce settlement, Sagawa received $1.5 million in assets, while his wife received $9.9 million, including the $2.5 million marital home in Boca Raton which was transferred to his wife for $10. After the scandal broke, he vacated a luxury mansion in the Cayman Islands, and his current address is unknown. He was neither indicted nor arrested. Akio Nakagawa Nakagawa, Akio (中川 昭夫) was head of equities at Paine Webber in Japan in the early 1990s. According to former colleagues, he worked in tandem with Hajime Sagawa, and performed "portfolio reshuffling" for his Japanese corporate clients, and had long-standing relationship with Olympus. A former Paine Webber banker attested that Nakagawa and Sagawa