were handlers for Olympus, and they made use of Bermuda-based funds valued at "hundreds of millions of dollars" to manage its balance sheet using Japanese accounting loopholes. Nakagawa and Sagawa were also colleagues at Drexel Burnham Lambert and PaineWebber. After Nakagawa left Wall Street firms in 1998, he once again joined with Hajime Sagawa, in Axes America. After the Olympus scandal broke, Nakagawa was traced by Reuters reporters to a "luxury apartment block in Hong Kong". He was neither indicted nor arrested. Akinobu and Nobumasa Yokoo Yokoo, Nobumasa (横尾 宣政) is a former investment banker with Nomura. He and some other Nomura executives were caught up in a racketeering scandal involving a corporate racketeer named Koiki Ryuichi, and was forced to resign in June 1998 after it the affair became public; some Nomura executives were arrested. Having founded Global Company in the late 1990s, Yokoo persuaded Olympus to invest ¥30 billion in their venture capital fund in 2000. He also introduced three small, unprofitable companies in which he was shareholder and executive. News Chef, a maker of microwave cookware, Altis and Humalabo were acquired by Olympus for ¥73.4 billion from Cayman Island-based funds between 2007 and 2010. According to its listing in Japan's corporate registry dated 28 July 2011, Nobumasa is president of Global Chef. He was neither indicted nor arrested. In 2003, Yokoo Akinobu (横尾 昭信), Nobumasa's older brother, was chief financial officer of ITX, an information technology group Olympus acquired in 2003. Akinobu became a group executive officer after Olympus became majority owners. Akinobu was an Olympus executive officer between 2005 and 2009. He was never on the board. Akinobu is also president of Jalux, a company that provides parts and services to the aviation industry. He was neither indicted nor arrested. References 2010s economic history Accounting scandals 2011 in Japan Olympus Corporation Lists of people by association