Former GameStop VP Gets Over Four Years For Mail Fraud

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What on earth could possibly make you think you'd get away with this? Seriously.

As reported by Polygon, a US District Judge has sentenced former GameStop vice president Frank Christopher Olivera to 51 months in federal prison. Olivera pleaded guilty late last year to one count of mail fraud, which carried a maximum 20-year prison sentence and a $250,000 fine.

Between July 2009 and April 2011, the GameStop boss stole $1.7 million from the company by submitting fake invoices from an imaginary company named "Cloud Communications LLC." He even invented a fictitious person, "Jennifer Miller," who acted as a contact for the fraudulent firm. Basically, Olivera would simply take the checks from GameStop and deposit them into a Cloud Communications bank account, and then transfer the funds to his own account. Guess it wasn't too hard for investigators to figure out.

Well, now he's going to jail for over four years and has had to return the $1.7 million he stole, along with an additional $57,376 unpaid in the loss and $77,275 in restitution. So you're a VP of a major corporation and this is what you decide to do with your free time? I will just never understand people, I guess. Or rather, people's obsession with greed.

Tags: gamestop, gamestop vp frank olivera, gamestop vp jailed

3/12/2013 10:27:33 AM Ben Dutka

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