Thursday, Oct 2, 2014Thursday, Oct 2, 2014
News
 

Ex-Tiffany executive pleads guilty to $2.5m jewellery theft

Published on Jul 27, 2013 6:41 AM
 
Ingrid Lederhaas-Okun (centre) departs Manhattan Federal Court with her lawyer in New York, on July 2, 2013. -- FILE PHOTO: REUTERS

NEW YORK (REUTERS) - A former executive at jeweler Tiffany & Co pleaded guilty Friday to stealing more than US$2 million (S$2.5 million) worth of jewellery from her one-time employer.

Ingrid Lederhaas-Okun, 46, a former vice president of product development, pleaded guilty to a count of interstate transportation of stolen property less than a month after she was arrested in connection with the theft.

Among the items were bracelets, earrings and pendants made of diamonds, platinum and gold.

Under a plea agreement, Lederhaas-Okun, a resident of Connecticut, has agreed to forfeit more than US$2.11 million and pay US$2.24 million in restitution.

 
If you are not a subscriber, you can get instant, unlimited access here