Feds: Former Tiffany Exec Stole $1.3 Million in Jewelry

Models are seen outside the new Wall Street Tiffany & Co. Oct. 10, 2007 the day Tiffany & Co. when public and for the opening of their new Wall Street store in New York. Photographer: Robert Caplin/Bloomberg News
Getty Images
By TOM HAYS

NEW YORK -- A former executive with Tiffany & Co. stole a little blue box bounty from the jeweler's midtown Manhattan headquarters and resold it for more than $1.3 million, federal authorities said Tuesday.

Ingrid Lederhaas-Okun was arrested Tuesday at her home in Darien, Conn. She was to appear later in the day in federal court in Manhattan to face charges of wire fraud and interstate transportation of stolen property.

Ingrid Lederhaas-Okun
Clint Spaulding, Patrick McMullanFormer Tiffany & Co. Vice President of Product Development Ingrid Lederhaas-Okun was arrested Tuesday on charges that she stole more than 160 pieces of jewelry.
As vice president of product development, Lederhaas-Okun had authority to "check out" jewelry from Tiffany (TIF) to provide to potential manufacturers to determine 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."

When confronted about the missing jewelry, Lederhaas-Okun claimed that she had left some of it behind 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. The name of her attorney wasn't immediately available.

Tiffany representatives declined to comment Tuesday.


Increase your money and finance knowledge from home

Timing Your Spending

How to pay less by changing when you purchase.

View Course »

Building Credit from Scratch

Start building credit...now.

View Course »

Add a Comment

*0 / 3000 Character Maximum

25 Comments

Filter by:
ron

Linsey lohan only checked things out to try them out lol !

July 05 2013 at 7:01 PM Report abuse rate up rate down Reply
AMERICASMUSEUM

Nice lady eh?

July 05 2013 at 4:05 PM Report abuse rate up rate down Reply
rlysiywgtf

Tiffany will not loose a dime on all of this crap..... They will double their money with all of their phony insurance claims..................

July 05 2013 at 1:10 PM Report abuse -2 rate up rate down Reply
1 reply to rlysiywgtf's comment
zeldazelda35

do you know this for a fact? If you do the insurance company will give you 10% of the money they get back. You must know this to be a fact or you would not have posted what you did. If you do not know this 1st hand and posted the statement that would make you a Liar. Are you a Liar?

July 05 2013 at 3:43 PM Report abuse rate up rate down Reply
1 reply to zeldazelda35's comment
gbaker9916

I believe the more accurate description of him/her would be jealous loser.

July 05 2013 at 11:15 PM Report abuse rate up rate down
ianmcdonald357

And this is probably a person who looked down on some people walking into the store, thinking they couldn't afford things and were going to steal.

When I was a retail store manager, we had to watch the employees MORE than the customers, and known theives. SMH

July 05 2013 at 12:31 PM Report abuse +1 rate up rate down Reply
mds308

Tiffany & 'Not So Good' Company.

July 05 2013 at 12:21 PM Report abuse rate up rate down Reply
brennemanbelkin

She's got a pair.

July 05 2013 at 9:39 AM Report abuse rate up rate down Reply
Jennifer

OMG, I'm sure she had an excellent salary. Horrible.

July 05 2013 at 9:33 AM Report abuse rate up rate down Reply
dltanner7

Some people just have a dishonest character flaw. She's the kind of person who would cheat someone out of a buck just because it's in her nature. This job just happened to introduce to a higher end of flawed characters, at the end of the day they're just as low life as the crack head who sells his childrens food stamps for dope.

July 03 2013 at 5:00 PM Report abuse +1 rate up rate down Reply
keithcllrn

It's people like her that give jewel thieves a bad name.

July 03 2013 at 1:54 PM Report abuse rate up rate down Reply
deesd5

self entitled crook

July 03 2013 at 10:01 AM Report abuse rate up rate down Reply