Former GameStop PR Head Pleads Guilty to Embezzling $2 Million

November 5, 2012 -

A former high ranking executive at retailer GameStop has pled guilty to embezzling $2 million from the company. According to a federal indictment filed on Friday, former vice president of corporate communications and public affairs for GameStop Chris Olivera diverted a couple million from the company into a personal business account. Olivera was able to do this, the indictment claims, because he processed invoices from vendors.

Olivera reportedly sent regular payments from GameStop to Cloud Communications, LLC, a Nevada-based corporation with offices in Las Vegas, Lake Tahoe and Canada. Cloud Communications was a fake company who also had an imaginary representative named Jennifer Miller, who only existed on paper. Olivera embezzled money from GameStop from July 2009 through April 2011. Around that time the company figured out what was going on.

Olivera pled guilty to one count of mail fraud, which carries with it a maximum 20 years in prison and a $250,000 fine.

GameStop had very little to say about the case, telling Kotaku that Olivera was fired last year:

"Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government's investigation."

Source: Dallas Daily Observer by way of GII

 


 
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