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>>

  • Camilla's brother dies in New York of head injury

    Camilla's brother dies in New York of head injury

    Thursday, April 24 2014 6:33 AM EDT2014-04-24 10:33:49 GMT
    Mark Shand, the brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
    Mark Shand, the brother-in-law of the Prince of Wales died Wednesday after falling outside a hotel bar and suffering a head injury, police said. Mark Shand, the brother of Prince Charles' wife, Camilla, Duchess of Cornwall, was in New York for a charity auction at Sotheby's.
  • Deep split in Port Authority over unfinished WTC tower

    Deep split in Port Authority over unfinished WTC tower

    Wednesday, April 23 2014 9:03 PM EDT2014-04-24 01:03:40 GMT
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
    Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns. The discussion at the monthly board meeting offered a rare glimpse into the negotiations that have been going on behind the scenes in recent months.
  • God's Love We Deliver virtual bake sale for birthday cakes

    God's Love We Deliver virtual bake sale for birthday cakes

    Wednesday, April 23 2014 6:36 PM EDT2014-04-23 22:36:46 GMT
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
    God's Love We Deliver provides meals to people in the New York City area who are too sick to shop and cook for themselves. Clients also receive birthday cards that are decorated by local school students. Sometimes a cake is the only birthday gift that God's Love's clients will receive.
  • Local NewsLocal NewsMore>>

  • NJ brush fire forces evacuations

    NJ brush fire forces evacuations

    Thursday, April 24 2014 2:04 PM EDT2014-04-24 18:04:00 GMT
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
    A New Jersey school and several homes were evacuated Thursday afternoon because of a large brush fire that was being fanned by winds.Beachwood Intermediate South School was closed just after 12:30 p.m. Parents were told not to report to the school. The Ocean County Sheriff's Dept. said that all children were going to be safely evacuated to another location.
  • Cops swarm home after disgruntled Call of Duty gamer calls in swatting hoax

    Cops swarm home after disgruntled Call of Duty gamer calls in swatting hoax

    Thursday, April 24 2014 12:05 PM EDT2014-04-24 16:05:27 GMT
    Heavily armed police officers descended on a home in Long Beach, Long Island thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games.
    Heavily armed police officers descended on a home in Long Beach, Long Island thinking they might find a grisly murder scene. Instead they found a terrified woman who had no clue what they were talking about and her teenaged son playing video games.
  • Girl fights to bring 22-year-old prom date

    Girl fights to bring 22-year-old prom date

    Thursday, April 24 2014 11:50 AM EDT2014-04-24 15:50:19 GMT
    A Connecticut teenager is appealing to her local Board of Education after school officials rejected her request to bring her 21-year-old boyfriend to her prom.
    A Connecticut teenager is appealing to her local Board of Education after school officials rejected her request to bring her 21-year-old boyfriend to her prom.
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 | Terms of Service | Ad Choices