Uncle Sam, The Repo Man

High roller Ken Mizuno knew how to profit from the love of his fellow Japanese for golf. Starting in 1988, he allegedly oversold--by about 20 times--$20,000 memberships to his Ibaragi Country Club, two hours north of Tokyo. Then, authorities say, he unlawfully funneled about $100 million of the proceeds into U.S. investments, notably two country clubs. But now, Mizuno (no relation to the sporting-goods makers) has pleaded guilty in Japan to fraud and tax-evasion charges. Mizuno's lawyer in Japan didn't return calls for comment.

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