Fashion Law

Former Tiffany & Co. VP Gets Prison for $2M Jewelry Theft

Former Tiffany & Co. Vice President of product development, Ingris Lederhaas-Okun was arrested in July for stealing and reselling $2.1 Million worth of jewelry from Tiffany & Co.

On Monday, Lederhaas-Okun was sentenced to one year and one day in prison. This prison sentence came less than half a year after she admitted to her theft from a New York Tiffany & Co. store.

ngrid Lederhaas-Okun (C) departs Manhattan Federal Court with her lawyer in New York, July 2, 2013.

Ingrid Lederhaas-Okun (C) departing a Manhattan Federal Court with her lawyer on July 2, 2013.

Prosecutors originally pushed for a 46 month prison term but U.S. District Judge Paul Gardephe called the request excessive.

Lederhaas-Okun pulled off some crocodile tears for the Manhattan court federal judge as she claimed regret for her year-long fashion law crimes.

Her jewelry theft crimes ended up in federal court because she is a resident of Connecticut. During her July 26 confession Lederhaas-Okun pleaded guilty to one count of transporting stolen property in interstate commerce.

According to Lederhaas-Okun’s attorney, her first Tiffany & Co. theft occurred in 2005. Tiffany & Co. only came to suspect something was wrong after terminating Lederhaas-Okun as part of a mass layoff in February.

The judge also ordered Lederhaas-Okun to forfeit more than $2.11 million to the government and pay $2.24 million in restitution, an amount sought by Tiffany. Lederhaas-Okun’s salary at Tiffany & Co. was $360,000 per year from 2010 to 2012. She and her then-husband (who after the arrest–perhaps tactically–filed for divorce) jointly reported income between $700K to $900K during those years. Their $4.4M home is up for sale to satisfy the court forfeiture.

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