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Tiffany Executive Facing 30 Years In $1.3M Jewelry Theft.

A former Tiffany & Co. (NYSE NYSE

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) employee arrested on Tuesday on charges of stealing $1.3 million worth of jewelry is facing up to 30 years in prison.

Ingrid Lederhaas-Okun, who joined the luxury giant in 1991, was pink-slipped from her position as vice president of product development during a recent downsizing.

She is charged with stealing more than 165 items, including "diamond bracelets, platinum or gold drop and hoop earrings, platinum diamond rings and platinum and diamond pendants" and selling them to a wholesaler in Manhattan, (http://www.wwd.com/business-news/legal/ex-tiffany-employee-arrested-for-theft-7036518?src=twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. ) WWD reported .

Lederhaas-Okun (http://www.ibtimes.com/former-tiffany-exec-stole-13-million-worth-jewelry-store-feds-say-1332665) allegedly lied to her employers when they asked where the inventory went, claiming the missing items were lost, damaged or being held for use in a special PowerPoint slideshow.
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Publication:International Business Times - US ed.
Date:Jul 3, 2013
Words:133
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