A former Tiffany & Co. executive was arrested this week for stealing $1.3 million worth of jewelry from the company, and now faces up to 30 years in prison in conjunction with a lawsuit filed in New York federal court this week. alleges that Lederhaas-Okun sold “some if not all” of the jewelry for $1.3 million to a Manhattan-based jewelry resale company. According to court documents, in November 2012 Tiffany & Co. released a statement that it was going to conduct an inventory review, at which point Lederhaas-Okun, who had worked at the firm since 1991, reported roughly $1.5 million worth of jewelry that she had checked out would have to be written off. Tiffany claims that none of that inventory was ever returned.
Federal agents arrested Ingrid Lederhaas-Okun, 46, at her Darien, Connecticut home this week, after Tiffany accused the former employee of “checking out” and selling more than 165 pieces of jewelry from November 2012 to this past February when she was fired “as part of an overall downsizing." Lederhaas-Okun has been charged with one count of wire fraud, and one count of interstate transportation of stolen property. Bail was set at $250,000 to be signed by two financially responsible cosigners and secured by $25,000 in cash or property, as well as the surrender of all travel documents and no new applications. Lederhaas-Okun was released on Tuesday, with all conditions to be met by July 9.