Login

Search

We have 7090 groups in 289 locations listed on this site! Knit on, everyone!

Recently Updated Groups

1. Deal/Kent/UK
    
2. Trieste, Italy
    
3. New Haven
    
4. Maynooth, Co. Kildare
    
5. Ontario
    

Stitch 'n Bitch Groups

Ex-Tiffany Executive Gets Prison in $2.1 Million Theft

Group Name
180
Meeting Location
180
Address
180, New York, 180, 180, 180
Meeting Day
180
Meeting Time
180
Contact E-mail
Group Website
[b][url=http://www.tiffanyoutletandco.com/]tiffany outlet store[/url][/b]
[b][url=http://www.tiffanyoutletandco.com/]tiffany outlet locations[/url][/b]
stores sell tiffany jewelry
stores sell tiffany jewelry
stores sell tiffany jewelry
stores sell tiffany jewelry
sell tiffany and co jewelry
sell tiffany and co jewelry


Ex-Tiffany Executive Gets Prison in $2.1 Million Theft
By Bob Van Voris
2013-12-23T22:10:23Z
- Comments
Email
Print
Share
Facebook
Twitter
Google+
LinkedIn
Email
Print
Save
tiffany A former Tiffany & Co. (TIF) executive who
stole jewelry including diamond rings and bracelets worth
$2.1 million over eight of her almost 25 years at the luxury
retailer was sentenced to a year and a day in prison by a
federal judge who called her crime “inexplicable.”
tiffany outlet store The sentence was less than a third of the term sought by
federal prosecutors for Ingrid Lederhaas-Okun, 47, who was a
vice president of product development and design.
tiffany outlet “I can’t express my remorse enough,” Lederhaas-Okun,
weeping, told U.S. District Judge Paul Gardephe
today in Manhattan .
cheap tiffany & co Lederhaas-Okun pleaded guilty in July to one count of
interstate transportation of stolen property, admitting that she
stole at least 165 pieces of jewelry, including diamond rings,
bracelets and diamond earrings, and sold them to a jewelry
reseller.
tiffany jewelry Gardephe rejected prosecutors’ request that Lederhaas-Okun
be given a term within sentencing guidelines, which called for
37 months to 46 months in prison. Lederhaas-Okun’s lawyer,
Sabrina Shroff of the Federal Defenders of New York , asked
Gardephe to give her client six months, citing her history of
depression, aggravated by work disappointments and an inability
to conceive a child.
Arbitration Award
cheap tiffany The sentencing comes as Tiffany learned it must pay an
arbitration award of about 402 million Swiss francs
($449 million) to Swatch Group (UHR) AG after the timepiece maker
claimed a breach of contract at their joint venture.
Photographer: Clint Spaulding/PatrickMcMullan.com/Sipa USA via Ap Images

Ingrid Lederhaas-Okun, 47, a vice president of product development and design for... Read More


Ingrid Lederhaas-Okun, 47, a vice president of product development and design for Tiffany & Co., is seen in this 2012 file photo. Close

Close
Open
Photographer: Clint Spaulding/PatrickMcMullan.com/Sipa USA via Ap Images
Ingrid Lederhaas-Okun, 47, a vice president of product development and design for Tiffany & Co., is seen in this 2012 file photo.
Swatch and Tiffany became embroiled in a legal battle in
2011 after the biggest maker of Swiss timepieces alleged the
U.S. jeweler blocked development of their partnership. Tiffany
said it honored obligations under the terms of the alliance the
two companies had begun almost four years earlier, when they
agreed to develop and sell watches under the Tiffany brand and
share the profit.
Last month, Tiffany posted third-quarter profit that topped
analysts’ estimates and boosted its annual earnings forecast,
helped in part by higher prices and falling precious metal
costs. The $449-million award doesn’t affect the company’s
prospects, according to two analysts.
Lederhaas-Okun’s job gave her authority to check out
jewelry for work-related purposes. She was fired in February
“as part of an overall downsizing” at the company , according
to the criminal complaint filed against her.
After Firing
After she was fired, Lederhaas-Okun gave false explanations
for what had happened to the missing jewelry, including that she
had left it in her office and that it was lost or damaged.
Photographer: David Paul Morris/Bloomberg

Pedestrians walk in front of a Tiffany & Co. store in San Francisco.


Pedestrians walk in front of a Tiffany & Co. store in San Francisco. Close

Close
Open
Photographer: David Paul Morris/Bloomberg
Pedestrians walk in front of a Tiffany & Co. store in San Francisco.
She later admitted that she first stole a pendant from
Tiffany in 2005. Over the next eight years, she stole jewelry
items, sold them and kept the money.
“Instead of confronting the problem and her growing
depression, she bottled up every last feeling that was eating
away at her; whenever she felt down or depressed, she stole,”
Shroff said in a sentencing memorandum filed with the court.
Three weeks after her arrest, Lederhaas-Okun’s husband said
he was seeking a divorce, Shroff said.
In addition to the prison term, Gardephe ordered Lederhaas-Okun to serve a year of supervised release. She also must
forfeit $2.1 million and pay $2.2 million in restitution.
Assets, Equity
Lederhaas is turning all her assets over to the government,
including her share of the equity in a $4.4 million house in
Darien, Connecticut , that she had shared with her ex-husband,
her bank accounts and retirement savings, Shroff said.
Gardephe agreed to a defense request that Lederhaas-Okun
serve her sentence in the minimum-security prison camp in
Alderson, West Virginia . Prisoners at the camp have included
Martha Stewart , the Martha Stewart Living Omnimedia Inc. (MSO) founder
jailed for lying about a stock sale, and Danielle Chiesi, a
former securities analyst who pleaded guilty to insider trading .
The case is U.S. v. Lederhaas-Okun, 13-cr-00560, U.S.
District Court, Southern District of New York (Manhattan).
To contact the reporter on this story:
Bob Van Voris in Manhattan federal court at
rvanvoris@bloomberg.net
To contact the editor responsible for this story:
Michael Hytha at
mhytha@bloomberg.net
Facebook
Twitter
Google+
LinkedIn
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the
comments powered by Disqus.

tiffany outlet store
tiffany outlet locations
jewelry blog jewelry About tiffanyoutletandco.com blog
Advertisement

 


 
 Introducing: Raging Wool
150x150ad.gif

 T-shirts and Gifts for the Fiber-Obsessed

www.ragingwool.com

Polls

Which are you?
 
Webdesign auf Usedom and Joomla