Ingrid Lederhaas-Okun

December 24, 2013 by staff

Ingrid Lederhaas-Okun, A former vice president of product development at Tiffany & Co. was sentenced Monday in U.S. Federal Court in Manhattan to one year and one day in prison for stealing jewelry valued at more than $2 million from the luxury brand, according to a news release from the U.S. Attorney’s Office.

Ingrid Lederhaas-Okun, 47, pleaded guilty on July 26 to one count of interstate transportation of stolen property. Lederhaas-Okun admitted to stealing more than 165 pieces of jewelry, including diamond bracelets, earrings, rings and pendants, between November 2012 and February. She admitted to stealing jewelry starting as far back as 2005, according to a sentencing memo obtained by CNN.

Lederhaas-Okun abused her position and authority at the company to check out the merchandise and resell the pieces for her own profit to a leading international buyer and reseller of jewelry with an office in Midtown Manhattan, according to the release.

In addition to the prison term, Lederhaas-Oksun of Darien, Connecticut, was also sentenced to one year of supervised release. She was also ordered to forfeit $2.1 million and to pay $2.2 million in restitution.