Ex-Tiffany VP accused of $1.3 million jewelry theft
Diamonds are a girls best friendunless youre Ingrid Lederhaas-Okun.
July 03, 2013 at 06:16 AM
2 minute read
The original version of this story was published on Law.com
Diamonds are a girl's best friend—unless you're Ingrid Lederhaas-Okun.
Yesterday prosecutors arrested Lederhaas-Okun, a former Tiffany & Co. vice president of product development, for stealing diamond, platinum and gold bracelets, earrings and pendants from her ex-employer and reselling them for $1.3 million. She's charged with wire fraud and interstate transportation of stolen property.
According to a statement from U.S. Attorney Preet Bharara, Lederhaas-Okun had authority to check out jewelry from Tiffany to take to potential manufacturers so they could calculate production costs. According to the complaint, Lederhaas-Okun checked out 165 pieces of jewelry between January 2011 and February 2013 and resold them to an unnamed Manhattan jewelry reseller.
Tiffany let Lederhaas-Okun go in February when it downsized companywide. It was then that the famed jeweler discovered that she had checked out and not returned the jewelry.
“As alleged, Ingrid Lederhaas-Okun went from a vice president at a high-end jewelry company to jewel thief,” Bharara said in the statement.
Lederhaas-Okun could face up to 30 years in prison for her crimes.
Read Bloomberg and Reuters for more information.
For more InsideCounsel news about executives behaving badly, read:
Dolce and Gabbana convicted of tax evasion
Former Bristol-Myers exec admits guilt in insider trading case
Aeropostale executive convicted over kickback conspiracy with vendor
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