Former GameStop VP Pleads Guilty to Embezzlement

[Gahars]

"Power to the Players" indeed.

Chris Olivera was for several years vice president of corporate communications and public affairs for Gamestop. Part of his job was serving as a public face and spokesman for the Grapevine-based video game retailer. He did that just fine. It was the other part of his job, processing invoices from vendors, that got him in trouble.


Olivera was using his position to funnel some $2 million into his own bank account.

...Olivera's guilty plea was filed yesterday along with the indictment. He admits to one count of mail fraud, which carries with it a maximum 20 years in prison and a $250,000 fine. No word yet from Gamestop on Olivera's case, though his name seems to have stopped appearing on company press releases in mid-2011, which probably tells us something.

Dallas Observer Blogs

I've always said that GameStop's prices were criminal; I guess I wasn't too far off.

 

[anon3536]

lmfao stupid people these days, hope he gets what he has coming to him

 

[Janthran]

lmfao stupid people these days, hope he gets what he has coming to him

Getting easy money is stupid now?

 

[anon3536]

if you do it like that, then yes

 

[Thesolcity]

So he effectively steals ~$2 million and is fined only $250,000? What? Does he gets to keep the rest as long as he can live through his prison sentence? With a good enough lawyer, I'm willing to bet the sentence won't be close to 20 years.

 

[chavosaur]

So he effectively steals ~$2 million and is fined only $250,000? What? Does he gets to keep the rest as long as he can live through his prison sentence? With a good enough lawyer, I'm willing to bet the sentence won't be close to 20 years.

they wouldnt let him keep embezzled money, im sure its already been revoked. That 250,000 will come from his actual wallet, which if he was funneling some money and lost it, id say this is gonna hit him pretty hard
but you make an excellent point, a good lawyer could possibly lighten his sentance by a few years. But a good lawyer also costs some money as well...

 

[InuYasha]

Getting easy money is stupid now?

So if I rob your house and sell all your crap you'd be ok with that right?

 

[ShadowSoldier]

Getting easy money is stupid now?

When you break the law and try and do it yeah, especially when you aren't even that well prepared to never get caught, yeah, it's stupid.

 

[anon3536]

When you break the law and try and do it yeah, especially when you aren't even that well prepared to never get caught, yeah, it's stupid.

So if I rob your house and sell all your crap you'd be ok with that right?

ty at least some people understand what i said

 

[nachoscool]

Why is this so funny for me?

 

[Gahars]

ty at least some people understand what i said

Don't worry, that was just Janthran being Janthran.

 

[Janthran]

So if I rob your house and sell all your crap you'd be ok with that right?

No, but if you could pull it off it wouldn't be stupid

 

[MelodieOctavia]

they wouldnt let him keep embezzled money, im sure its already been revoked. That 250,000 will come from his actual wallet, which if he was funneling some money and lost it, id say this is gonna hit him pretty hard
but you make an excellent point, a good lawyer could possibly lighten his sentance by a few years. But a good lawyer also costs some money as well...

Any smart white collar criminal knows to put his ill-gotten gains in an overseas account, where it will be harder for Government Officials to find it.

 

[porkiewpyne]

Burn him at the stake!!!1!!