Feds: Tiffany exec stole jewelry worth $1.3M - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Feds: Tiffany exec stole jewelry worth $1.3M

Posted: Updated:

By TOM HAYS | AP

NEW YORK (AP) -- A former executive with Tiffany & Co. stole diamonds and other jewelry from the company's Manhattan headquarters and resold it for more than $1.3 million, U.S. authorities said Tuesday.

Ingrid Lederhaas-Okun was arrested Tuesday at her home in Connecticut on charges of wire fraud and interstate transportation of stolen property. She was later released on $250,000 bond at a brief appearance in federal court in Manhattan.

As vice president of product development, the 45-year-old Lederhaas-Okun had authority to "check out" jewelry from Tiffany to provide to potential manufacturers so they could calculate 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."

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

Bank records 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. She and her attorney left a courtroom on Tuesday without speaking to reporters.

Tiffany representatives declined to comment Tuesday.

  • Manhattan NewsManhattan NewsMore>>

  • Smoking rates on the rise in New York City

    Smoking rates on the rise in New York City

    Tuesday, September 16 2014 7:03 AM EDT2014-09-16 11:03:52 GMT
    For the first time in years, more than 1 million New Yorkers are smoking, marking a disturbing rise of tobacco use in the city that pioneered a number of anti-smoking initiatives that were emulated nationally.  Sixteen percent of adult New Yorkers smoked in 2013, up from 14 percent in 2010, which was the city's lowest recorded rate, according to the findings released by New York City's Department of Health.
    For the first time in years, more than 1 million New Yorkers are smoking, marking a disturbing rise of tobacco use in the city that pioneered a number of anti-smoking initiatives that were emulated nationally.  Sixteen percent of adult New Yorkers smoked in 2013, up from 14 percent in 2010, which was the city's lowest recorded rate, according to the findings released by New York City's Department of Health.
  • Report: health risks at some nail salons

    Report: health risks at some nail salons

    Monday, September 15 2014 10:28 PM EDT2014-09-16 02:28:27 GMT
    One of the most surprising findings in a report from the New York City public advocate is that city officials have virtually no authority over how nail salons are run. The city can't enforce standards like they do with restaurants, so it's clearly a case of beauty buyer beware. We get our nails done without thinking too much about it.
    One of the most surprising findings in a report from the New York City public advocate is that city officials have virtually no authority over how nail salons are run. The city can't enforce standards like they do with restaurants, so it's clearly a case of beauty buyer beware. We get our nails done without thinking too much about it.
  • Etan Patz murder confession played in court

    Etan Patz murder confession played in court

    Monday, September 15 2014 6:43 PM EDT2014-09-15 22:43:37 GMT
    A judge allowed a confession tape to be played in court in connection with the case of Etan Patz, who vanished in 1979. On the tape, Pedro Hernandez described how he killed Patz. But his lawyers say Hernandez falsely confessed and doesn't understand his rights. Before Hernandez's videotaped confession was played, Patz's mother quickly left the courtroom unable to watch the video.
    A judge allowed a confession tape to be played in court in connection with the case of Etan Patz, who vanished in 1979. On the tape, Pedro Hernandez described how he killed Patz. But his lawyers say Hernandez falsely confessed and doesn't understand his rights. Before Hernandez's videotaped confession was played, Patz's mother quickly left the courtroom unable to watch the video.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices