PS3 News: Former GameStop VP Gets Over Four Years For Mail Fraud - PS3 News

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Former GameStop VP Gets Over Four Years For Mail Fraud

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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Comments (9 posts)

daus26
Tuesday, March 12, 2013 @ 12:22:06 PM
Reply

He clearly deserves it. He's the VP of a greedy company, so I'm not surprised by the the greed on his part.

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Bonampak
Tuesday, March 12, 2013 @ 5:03:21 PM

LOL touché

A fish rots from the head down. No wonder the whole company seems greedy.

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Temjin001
Tuesday, March 12, 2013 @ 1:36:53 PM
Reply

Crime doesn't pay.... well, unless in games like Assassin's Creed and GTA. Perhaps games are really to blame for his actions =p
(kidding... jeesh)

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Robochic
Tuesday, March 12, 2013 @ 2:01:49 PM
Reply

why doesn't this suprise me from this greedy company.

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Underdog15
Tuesday, March 12, 2013 @ 2:11:24 PM
Reply

He's probably the one who decided on trade in values.

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Crabba
Tuesday, March 12, 2013 @ 2:40:45 PM
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Wow, what do Gamestop pay their vps anyway if they would do something like this...

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Nas Is Like
Tuesday, March 12, 2013 @ 3:53:54 PM
Reply

I bet Call of Duty, Assassin's Creed, Grand Theft Auto, etc. put him up to it.

;)

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Darwin1967
Tuesday, March 12, 2013 @ 9:28:24 PM
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Guess right about now he's wishing he had gone into banking where this type of business practice is considered typical and expected with zero jail time.

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Raze22
Wednesday, March 13, 2013 @ 1:01:33 AM
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"What on earth could possibly make you think you'd get away with this? Seriously."

Oh stop teasing us ben. In America you can get away with anything if your powerful enough.

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