Former interpreter for baseball star Shohei Ohtani, Ippei Mizuhara, has been charged with federal bank fraud for allegedly stealing over $16 million from Ohtani’s bank accounts. This occurred between November 2021 and January 2024, where Mizuhara reportedly used the funds to cover extensive gambling debts accrued from engaging in illegal sports betting activities. The U.S. Department of Justice claims that Mizuhara impersonated Ohtani to conduct unauthorized bank transfers, which ultimately were routed to pay for losses totaling more than $182 million, despite winnings of over $142 million.

The case came to light following an IRS investigation into an alleged illegal bookmaker linked to Mizuhara, leading to his dismissal by the Los Angeles Angels. Shortly after discovering the breach, Ohtani, who represents a major figure in Major League Baseball and recently signed a $700 million contract with the Los Angeles Dodgers, distanced himself from Mizuhara. Ohtani has expressed a strong disavowal of any knowledge or involvement in the fraudulent transactions and sports betting, asserting that he felt betrayed by Mizuhara’s actions.

U.S. Attorney Martin Estrada emphasized the severe breach of trust in this case, highlighting that Ohtani is considered a victim. If convicted, Mizuhara could face up to 30 years in prison for the bank fraud charges. As investigations continue, this incident raises concerns over financial exploitation risks within professional sports and underscores the need for stringent oversight and regulation to safeguard athletes’ assets.