Tiffany & Co. Executive Sentenced After Stealing Company Jewelry

Tiffany & Co. Executive Stole Millions from Company!

Tiffany & Co. Executive Ingrid Lederhaas-Okun stole more than 165 jewelry pieces which was of over $2 million dollars in value. She had been taking items since 2008 and finally was convicted December 23rd. Lederhaas-Okun pleaded guilty back in July and has been awaiting sentencing. She received 366 days in jail with a $250,000 bail.

Tiffany & Co. gave many privileges to their executive staff including checking out jewelry temporarily. Instead of putting items back on the floor Lederhaas-Okun reported the jewelry as damaged or missing. Tiffany’s didn’t catch on until February 2013 and terminated her immediately. Some items that Ingrid had been accused to swiping were gold bracelets, diamond pendants, diamond engagement rings, platinum jewelry, etc.

Ingrid Lederhaas-Okun’s lawyer wrote to the Manhattan Federal Court Judge, “For reasons that can only be explained by a psychiatric illness, Ingrid took huge risks with her life and her freedom each time she stole. The risk did not pay off.”

According to her lawyer Lederhaas-Okun was well off, she didn’t have monetary problems, she simply had an illness that caused her to have sticky fingers. The feds seized most of the jewelry that had been taken, but Ingrid’s husband insisted some of the items had been purchased and her husband had no recollection she even was stealing in the first place.

The final verdict from the judge was settled on a sentence that was between two requests: Ingrid was ordered to forfeit $2.1 million in “ill-gotten gains” and pay $2.2 million in restitution.

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