Former GameStop VP pleads guilty to embezzling almost $2 million
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Former GameStop VP pleads guilty to embezzling almost $2 million
Frank Christopher Olivera, former GameStop VP of corporate communications and public affairs plead guilty Thursday to one count of mail fraud for embezzling $1,965,900 from the company.
According to the federal indictment, Olivera sent payments from July 2009 through April 2011 to Cloud Communications LLC. The Nevada company was fictitious, was "created and controlled by Olivera," and was used to funnel the transferred funds into Olivera's personal account.
"The company does not comment on matters pending in court, however, we will say that Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government's investigation," a representative for GameStop informed Joystiq.
According to the Dallas Observer, up to 20 years in prison and a $250,000 fine are the maximum penalties for the mail fraud charge Olivera plead guilty to.
According to the federal indictment, Olivera sent payments from July 2009 through April 2011 to Cloud Communications LLC. The Nevada company was fictitious, was "created and controlled by Olivera," and was used to funnel the transferred funds into Olivera's personal account.
"The company does not comment on matters pending in court, however, we will say that Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government's investigation," a representative for GameStop informed Joystiq.
According to the Dallas Observer, up to 20 years in prison and a $250,000 fine are the maximum penalties for the mail fraud charge Olivera plead guilty to.
PhAnToM_PhRaG- Admin/Leader
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Age : 43
Location : Arkansas
Humor : The object of war is not to die for your country but to make the other bastard die for his.
Re: Former GameStop VP pleads guilty to embezzling almost $2 million
Maybe they'll lower their prices now. :-)
opK Heaton- Wii Leader
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Join date : 2010-08-28
Age : 40
Location : Villa Rica, GA
Humor : They say laughter's the best medicine but I think it causes cancer!
Re: Former GameStop VP pleads guilty to embezzling almost $2 million
lol That's like saying maybe they won't screw you on your trade ins........................
PhAnToM_PhRaG- Admin/Leader
- Posts : 2038
Join date : 2009-06-17
Age : 43
Location : Arkansas
Humor : The object of war is not to die for your country but to make the other bastard die for his.
Re: Former GameStop VP pleads guilty to embezzling almost $2 million
Yeah really wish they would give a little more for trade in's. I know there has been several times I went to trade in a game and told them I'll keep it instead.
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