360° Coverage : Former Tiffany VP Sentenced To Year In Prison For Stealing $2M...

10 Updates

Former Tiffany VP Sentenced To Year In Prison For Stealing $2M In Jewelry

Dec 24 2013, 3:32pm CST | by

Ingrid Lederhaas-Okun, a former VP of design & product development at Tiffany & Co., was sentence to a year and a day in prison for stealing $2.1 million in jewelry from her employer....

Filed under: news

 
 
 

31 weeks ago

Former Tiffany VP Sentenced To Year In Prison For Stealing $2M In Jewelry

Dec 24 2013, 3:32pm CST | by

Ingrid Lederhaas-Okun, a former VP of design & product development at Tiffany & Co., was sentence to a year and a day in prison for stealing $2.1 million in jewelry from her employer.

Lederhaas-Okun, 47, of Darien, Conn., was sentenced Monday in Manhattan federal court by U.S. District Judge Paul G. Gardephe. She previously pled guilty for the theft, which occurred over a four-month period, in July. In addition to the prison term, she was sentenced to one year of supervised release, ordered to forfeit more than $2.1 million pay and more than $2.2 million in restitution, according to the US Attorney’s Offiise for the Southern District of New York, which prosecuted the case.

Under her duties and responsibilities at Tiffany, Lederhaas-Okun had the authority to check out jewelry belonging to Tiffany for work-related reasons. Between November 2012 and February 2013, she admitted to checking out more than 165 pieces of jewelry with a retail value of more than $1.2 million, including diamond bracelets, platinum or gold diamond drop and hoop earrings, platinum diamond rings, and platinum and diamond pendants. She then sold some if not all of this jewelry for $1.3 million to another company in Manhattan, who the US Attorney’s office and the court haven’t named. It’s also unclear whether the company knew it was purchasing stolen jewelry.

To conceal her theft, she repeatedly made false statements to Tiffany, according to court documents. For example, after her termination in February 2013, she told company representatives that she had only recently checked out the missing jewelry in anticipation of creating a PowerPoint presentation. However, the missing jewelry had been checked out months earlier, her supervisor was unaware of any such presentation being worked on by her and there was no presentation on her computer. In addition, she claimed the stolen jewelry could be found in a white envelope in her office, but a search of her office shortly after her departure did not yield any such envelope.

“With today’s sentence, Ingrid Lederhaas-Okun has learned the price she must pay for stealing millions of dollars worth of fine jewelry from her employer – loss of her liberty and forfeiture of her ill-gotten gains,” said U.S. Attorney Preet Bharara.

Please join me on the Jewelry News Network blog, the Jewelry News NetworkFacebook Page, and on Twitter @JewelryNewsNet.

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told today. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rej ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hisha ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states last month. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 mil ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

8 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Musta ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an alloc ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 201 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion K ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Galaxy that acts as cosmic magnifying glass discovered
Washington, Aug 1 (IANS) Using NASA's Hubble Space Telescope, astronomers have unexpectedly discovered the most distant galaxy that acts as a cosmic magnifying glass.
 
 
Watch your waistline for diabetes risk
London, Aug 1 (IANS) A British health report has warned that adults with a large waistline are five times more likely to develop type 2 diabetes.
 
 
Now SEPA to facilitate euro payments
Brussels, Aug 1 (IANS) The European Commission said Thursday that the Single Euro Payments Area (SEPA) would become fully operational in all euro zone countries from Aug 1, 2014 onwards.
 
 
Ebola outbreak: $100 mn response plan in West Africa
Geneva, Aug 1 (IANS) The director-general of the World Health Organisation (WHO) and presidents of West African countries hit by the Ebola virus outbreak will Friday meet in Guinea to launch a new $100 million response plan.
 
 
 

Latest from the Network

CWG badminton: Sindhu makes it a good day for India
Glasgow, Aug 1 (IANS) India's Pusarla Venkata Sindhu Thursday night joined Parupalli Kashyap, Rajah Menuri Venkata Gurusaidutt and Puthenpurayil Chandrika Thulasi in the quarterfinals of badminton competition at the...
Read more on Sport Balla
 
Why Apple Is Winning The Samsung War
In the past couple of weeks, a lot of new has come out related to Apple and their business success. Especially in relation to Samsung, they have a lot to be happy about.Many people were expecting Apple to take a large...
Read more on Apple Balla
 
Russia Pushing Apple To Release Source Code
Security concerns were recently raised by the Chinese government concerning Apple’s iPhones. They say that Apple’s devices are being used to spy on the State and reveal secrets to the United States government. Days...
Read more on Apple Balla
 
Kelly Rowland's pregnancy was 'a surprise'
Kelly Rowland admits her pregnancy wasn't planned. The 'Motivation' hitmaker, who is expecting a baby boy with husband Tim Witherspoon, was initially shocked to discover the news, but has already chosen a name for their...
Read more on Celebrity Balla
 
Jada Pinkett Smith is still besotted with Will Smith
Jada Pinkett Smith says Will Smith is much more than just her husband. The 42-year-old actress, who has daughter Willow, 13, and son Jaden, 16, with the actor, admits she is ''ecstatic'' about the way their 17-year...
Read more on Celebrity Balla
 
Apple TV Meets Another Delay
Apple TV has been a successful product, although it hasn’t found its place in the market the way that devices like the Roku have. Apple has been working hard to remedy that, including planning a big upgrade that would...
Read more on Apple Balla
 
14 Palestinians killed in Gaza
Gaza, Aug 1 (IANS) At least 14 Palestinians were killed and 29 injured Friday in Israeli airstrikes, hours before the start of a 72-hour ceasefire in the Gaza Strip. According to medical sources, eight Palestinians...
Read more on Politics Balla
 
Continue peace talks: Myanmar president
Yangon, Aug 1 (IANS) Myanmar President U Thein Sein Friday called for efforts to continue peace talks amidst the country's political reform. "Despite different opinions, political groups entertain a shared attitude...
Read more on Politics Balla
 
James Franco: Child of God is 'very dark'
James Franco says 'Child of God' is ''ten times darker'' than 'No Country for Old Men'. The '127 Hours' actor stars in and directs the upcoming film adaptation of Cormac McCarthy's novel of the same name and he's...
Read more on Movie Balla
 
Galaxy that acts as cosmic magnifying glass discovered
Washington, Aug 1 (IANS) Using NASA's Hubble Space Telescope, astronomers have unexpectedly discovered the most distant galaxy that acts as a cosmic magnifying glass. Seen as it looked 9.6 billion years ago, this...
Read more on Apple Balla