Feds: Tiffany exec stole jewelry worth $1.3M - New York News

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>>

  • Thousands participate in annual NYRR 5th Avenue Mile

    Thousands participate in annual NYRR 5th Avenue Mile

    Sunday, September 14 2014 12:01 AM EDT2014-09-14 04:01:13 GMT
    Thousands of runners hit the concrete jungle on Saturday for the annual New York Road Runners 5th Avenue Mile. Olympians, world champions and runners of all ranks and abilities hammered out the mile-long course along Fifth Avenue starting at 80th Street and ending on 60th.
    Thousands of runners hit the concrete jungle on Saturday for the annual New York Road Runners 5th Avenue Mile. Olympians, world champions and runners of all ranks and abilities hammered out the mile-long course along Fifth Avenue starting at 80th Street and ending on 60th.
  • Sandy-damaged NYC subway tunnel to be reopened

    Sandy-damaged NYC subway tunnel to be reopened

    Saturday, September 13 2014 2:50 PM EDT2014-09-13 18:50:13 GMT
    A subway tunnel connecting Brooklyn and lower Manhattan that was badly damaged during Superstorm Sandy is set to be reopened.
    A subway tunnel connecting Brooklyn and lower Manhattan that was badly damaged during Superstorm Sandy is set to be reopened.
  • New York Fashion Week: weird and wonderful

    New York Fashion Week: weird and wonderful

    Friday, September 12 2014 10:30 PM EDT2014-09-13 02:30:23 GMT
    Modern dancers, writhing half-naked in front of giant weather-themed video installations. Miley Cyrus, not twerking, but working — in a new gig making jewelry with children's beads. A guy mowing a fake indoor lawn in a suit, top hat and fishnet tights. We didn't need to tell you that Fashion Week isn't only about hemlines and tailoring, did we? Some weird or wonderful (and sometimes both) moments of New York Fashion Week...
    Modern dancers, writhing half-naked in front of giant weather-themed video installations. Miley Cyrus, not twerking, but working — in a new gig making jewelry with children's beads. A guy mowing a fake indoor lawn in a suit, top hat and fishnet tights. We didn't need to tell you that Fashion Week isn't only about hemlines and tailoring, did we? Some weird or wonderful (and sometimes both) moments of New York Fashion Week...
  • Local NewsLocal NewsMore>>

  • Schumer proposes ban on 10 flame retardants

    Schumer proposes ban on 10 flame retardants

    Sunday, September 14 2014 9:51 PM EDT2014-09-15 01:51:05 GMT
    Gov. Andrew CuomoGov. Andrew Cuomo
    Senator Charles Schumer says a Duke University study has found flame retardants in upholstered furniture and children's products like toys, pajamas and pillows to be highly toxic. The chemicals have also been linked to developmental delays and rare cancers in firefighters as well as cancers and hormone disruption in children.
    Senator Charles Schumer says a Duke University study has found flame retardants in upholstered furniture and children's products like toys, pajamas and pillows to be highly toxic. The chemicals have also been linked to developmental delays and rare cancers in firefighters as well as cancers and hormone disruption in children.
  • Electricity goes out at Six Flags, guests left stranded

    Electricity goes out at Six Flags, guests left stranded

    Sunday, September 14 2014 6:50 PM EDT2014-09-14 22:50:36 GMT
    Six Flags Great Adventure 45th anniversary logo. (AP photo)Six Flags Great Adventure 45th anniversary logo. (AP photo)
    It wasn't the amusement park thrill they were expecting. Some people at Great Adventure in New Jersey were left stranded on rides after a power outage.
    It wasn't the amusement park thrill they were expecting. Some people at Great Adventure in New Jersey were left stranded on rides after a power outage.
  • Stranded jet skiers rescued off Staten Island

    Stranded jet skiers rescued off Staten Island

    Sunday, September 14 2014 6:43 PM EDT2014-09-14 22:43:09 GMT
    Two jet skiers stranded since Saturday night were rescued from small islands off of Staten Island Sunday morning, police sources said. The FDNY Marine division discovered the first jet skier on the West Bank Lighthouse island while patrolling the area after 8 a.m. Sunday, and took him to Staten Island University Hospital North. His friend, a man in his 40s, was also saved.
    Two jet skiers stranded since Saturday night were rescued from small islands off of Staten Island Sunday morning, police sources said. The FDNY Marine division discovered the first jet skier on the West Bank Lighthouse island while patrolling the area after 8 a.m. Sunday, and took him to Staten Island University Hospital North. His friend, a man in his 40s, was also saved.
Powered by WorldNow
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