Tiffany & Co. Exec Steals over $1M in Jewelry

As recently as today, a former executive with Tiffany & Co. was arrested for stealing a number of little blue box bounties from the jeweler’s midtown Manhattan headquarters and resold them for more than $1.3 million over a period of time, federal authorities said Tuesday. Ingrid Lederhaas-Okun was arrested Tuesday at her home in Darien, Connecticut. She was to appear later in the day in federal court in Manhattan to face charges of wire fraud and interstate transportation of stolen property.

As vice president of product development, Lederhaas-Okun had authority to “check out” jewelry from Tiffany at anytime she saw fit in order to provide to potential manufacturers to determine production costs. Authorities allege that after she left Tiffany in February, the company discovered she had checked out 164 items that were never returned.

According to a criminal complaint, the missing jewelry included “numerous diamond bracelets in 18-carat gold; diamond drop and hoop earrings in platinum or 18-carat gold; diamond rings in platinum; rings with precious stones in 18-carat gold; and platinum and diamond pendants.”

When confronted about the missing jewelry, Lederhaas-Okun claims that she had left some of it behind at Tiffany and that some had been lost or damaged, the complaint said. But in reality, an investigation found that Lederhaas-Okun resold the goods to an unidentified international dealer for more than $1.3 million.

Bank records also showed that since January 2011, the dealer wrote 75 checks to her or her husband for amounts of up to $47,400, the complaint said. Investigators also recovered purchase forms signed by Lederhaas-Okun that said the items were her personal property.

Authorities allege Lederhaas-Okun purposely checked out items valued at under $10,000 apiece to avoid detection. The company takes a daily inventory of all checked-out items worth more than $25,000. If convicted, Lederhaas-Okun faces up to 20 years in prison. The name of her attorney wasn’t immediately available.

Cocktails at Tiffany to Celebrate the Success of The Society of MSKCC's Bunny Hop

 

As Always, Live, Life, Lamour,

R.Lamour

 

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