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GameStop's former PR head admits to stealing $2 million from company

GameStop's former PR head admits to stealing $2 million from company

Sat 03 Nov 2012 5:25pm GMT / 1:25pm EDT / 10:25am PDT
BusinessRetailLegal

Chris Olivera has plead guilty to embezzling, could face 20 years in prison

Chris Olivera, the former vice president of corporate communications and public affairs for GameStop, has plead guilty to charges of embezzlement. Olivera, who processed invoices from vendors, abused his position at GameStop to funnel massive amounts of money into his own bank account, totaling nearly $2 million, according to the Dallas Observer.

Federal indictment papers filed yesterday revealed that Olivera sent regular payments from GameStop to Cloud Communications, LLC, a Nevada-based corporation with offices in Las Vegas, Lake Tahoe and Canada. Cloud Communications and imaginary representative, Jennifer Miller, were crafted as cover-ups, existing only on papers Olivera had filed with the Nevada secretary of state.

Olivera kept embezzling money from July 2009 through April 2011, at which point GameStop management started to catch on and suspect Olivera. Olivera has admitted to one count of mail fraud, which carries with it a maximum 20 years in prison and a $250,000 fine.

A spokesperson for GameStop would not comment on the legal case but did tell Kotaku, "Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government's investigation."

3 Comments

Bruce Everiss
Marketing Consultant

1,692 594 0.4
I admire Gamestop for proceeding with this prosecution.
All too often companies just let thieves go, without taking further action. A policy that further emboldens corporate thieves.
Having been a victim of thieving employees I know that they have no compunction in endangering the jobs of many of their coworkers with the damage they are doing to the company.
I could name names on here, but many people will know the names of serial industry thieves without realising that they are thieves.

Posted:A year ago

#1

Anthony Shelton
Writer and Podcaster

6 4 0.7
It's amazing how greed can cloud a person's thinking. He probably didn't think that Gamestop would be missing $2 million dollars over the course of two years.

Posted:A year ago

#2

Greg Wilcox
Creator, Destroy All Fanboys!

2,175 1,124 0.5
Hell, given that they can never find half the used games I'm looking for when I pop into a store (it's always the case and manual, but no disc behind the counter where it's supposed to be), it's not so surprising they got ripped off. Anyway, I guess it's the big house for this dope who thought he could line his pockets...

Posted:A year ago

#3

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