Ex-post office man nabbed over embezzlement of over 2 mil. stamps

A former post office worker in Tokyo was arrested Tuesday for allegedly embezzling over 2 million postage stamps worth about 94 million yen ($890,000), police said.Tokyo police suspect Masaki Hosohata, 49, was also involved in other cases, estimating the total amount embezzled at about 270 million yen.Hosohata has admitted to the allegation that he sold 2,012,500 stamps worth around 94 million yen at discount ticket shops for about 75 million yen. A discount ticket shop in Japan typically buys items at lower prices than face value.He was quoted as telling investigators, "I thought it was a …READ FULL ARTICLE