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Former GameStop VP in prison for stealing $1.7 million

1:30 PM on 03.12.2013 // Allistair Pinsof
  @DtoidAllistair

You could buy a lot of used Maddens with that kind of money!

Some may call GameStop employees crooks for giving customers pennies for their beloved Maddens, but only Frank Christopher Olivera, former VP of corporate communications and public affairs at GameStop Texas, has been sentenced to prison.

Olivera stole over $1.7 million from GameStop, using fake invoices and a made-up employee, through a fictitious company called Cloud Communications LLC (sounds legit). Olivera redirected GameStop payments to his fraudulent company, located in Las Vegas and in Canada, and would then put the money from Cloud into his personal account.

Olivera plead guilty to charges in November and, on Thursday, was sentenced to 51 months in federal prison. In addition, he must pay $134,651 in extra costs, though GamesIndustry reports he has returned "most of" the $1.7 mil to GameStop.

In 2012, a study called GameStop the 10th worst place to work in America. With someone like Olivera running the show, I can see why.

Former GameStop VP jailed for fraud [GamesIndustry]




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