BY ALLISON P. DAVIS New York Mag

A former Tiffany & Co executive who stole over 1 million dollars worth of jewelry is facing 30 years in prison, reports WWD. Ingrid Lederhass-Okun, who started with the company in 1991, was let go from her position as Vice President of Product Development due to “downsizing,” but not before helping herself to a hefty employee discount.

Over a two-year period, Lederhass-Okun stole over 165 items, including “diamond bracelets, platinum or gold drop and hoop earrings, platinum diamond rings and platinum and diamond pendants” and sold them to a Manhattan jewelry reseller. When her employers asked her where the inventory was, she reported the items as lost, damaged, or being held for a use in a special PowerPoint presentation.

The jewelry, much like the promised PowerPoint slides, was never recovered.

For more on this story go to:

http://nymag.com/thecut/2013/07/tiffanys-executive-stole-13-million-in-jewels.html