Former Vice President of Tiffany’s and Co. Pleads Guilty

BATD ON Jul 29, 2013 AT 11:38 am

Breakfast at Tiffany’s thrills audiences with the sophistication of a New Yorker, romance with neighbors, and the classic style of the ‘little black dress,’ whilst the latest news with Tiffany and Co. does quite the opposite. On Friday, less than a month after her arrest, the former vice president of the famous Fifth Avenue store in New York, pleads guilty of stealing more than $2.1 million (£1.3 million) in jewelry.

Breakfast at Tiffany’s

Ingrid Lederhass-Okun, 46, stole 165 pieces of jewelry from her one-time employer over a period of two years. Inside of her little blue boxes you could find bracelets, earrings and pendants made of diamonds, platinum and gold.

During her career at the famous Fifth Avenue store, Ingrid was allowed to check-out pieces of jewellery to show potential manufacturers. But instead of returning the luxury jewels, she would allegedly mark them as damaged or missing whilst either snatching them for her personal use or reselling them to retailers.

But how did she manage to hide her heist for so long? Well Ingrid was smart about it, or so she thought. Tiffany and Co. does daily inventory on pieces worth $25,000 or more. Strategically, all the pieces Ingrid stole were worth less than $10,000. Inauspiciously, after Ingrid left the company in February, Tiffany’s and Co. performed an in-depth inventory which unveiled Ingrid’s preceding theft.

Under a plea agreement, Ingrid has agreed to forfeit more than $2.11 million and pay $2.24 million in restitution, as stated on Reuters.com.

All this talk of Tiffany’s, and we’re itching for something a little sparkly for ourselves, although we’re guaranteed to pay for ours!

 

 

 

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