Ex-Tiffany Exec Found Guilty Of $2m Jewellery Theft

28 July 2013 by

In a heist of Bling Ring scale proportions, an ex-executive at Tiffany & Co. has been charged with stealing $2.1 million worth of jewellery from the luxury American jewellers in a lengthy inside operation. That's no less than £1,365,000 worth! Yikes.

Ingrid Lederhaas-Okun left the company back in February, after working at the company as a vice president of product development. Since then, Tiffany & Co. have conducted inventories and discovered 165 items missing that Lederhaas-Okun checked out under the guise it was for work purposes. 

It's been reported that by the time she was arrested on July 2nd, she'd already sold a majority of her stash - which included diamonds, gold and drop earrings - on to retailers. Now, as well as facing astronomical fines, she's likely to get up to ten years in federal prison for the offence. Tiffany & Co are yet to comment on the incident. 

Yes, we're thinking the same thing - how did they not notice for so long?! Well it turns out that Miss Lederhaas-Okun was taking items worth less than $10,000 - and the store only does daily inventories on items worth $25,000 or more. 

The iconic store was initially founded in New York in 1847 as a "stationary and fancy goods emporium". Since then, it has gone on to become one of the world's most famed jewellery retailers. 

All this talk of Tiffany's has made us think - we haven't watched Breakfast at Tiffany's in FAR too long. That's this evening's activity sorted then. 

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