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.
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.