GameStop Embezzlement Case Reaches Verdict

Written by: Jason Winter (@winterinformal) | March 12, 2013 5:34 pm

7 Comments

GameStop embezzlement case reaches verdict

Screwing over your corporation in a game like EVE Online? Really cool and a sign of ruthless cleverness and ambition.

Doing the same thing to your real-life corporation? Still clever and ambitious, but somewhat less cool.

Former GameStop Texas executive Frank Christopher Olivera was sentenced last week to 51 months of prison time for embezzling $1.7 million from GameStop to the fictitious Cloud Communications LLC. According to a statement from the US Attorney’s Office:

Olivera directed GameStop to send the payments from GameStop’s offices in Grapevine to Cloud Communications LLC in Las Vegas and Lake Tahoe, Nevada and in Canada. In addition to creating a fictitious company, Olivera also created a fictitious person, “Jennifer Miller,” to serve as the point of contact at Cloud Communications. Upon receipt of payments from GameStop, Olivera would deposit the checks into a bank account held by Cloud Communications and then would transfer the fraudulently obtained funds into his personal bank account.

As previously reported, Olivera was let go from GameStop in April 2011 and could have faced up to 20 years of prison time.

Maybe after he’s released he can trade in his worn-out prison oranges for some new duds?

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http://www.facebook.com/kirzansix Mike Coulombe

“Maybe after he’s released he can trade in his worn-out prison oranges for some new duds?” …HAHAHAHAHAHAHAHA! He should buy used ones so the new duds’ retailer gets all the dough.
- http://twitter.com/winterinformal Jason Winter
  
  Here’s hoping his oranges didn’t have DRM.
http://twitter.com/Hagg3r Michael

If only he had a Power Up Rewards card, he could have traded in his jail time with a 10% bonus!
http://twitter.com/crocodilius ryan phillips

I think i recently watched an episode of Murder, She Wrote with the same plot #Netflix
http://www.facebook.com/domingo4th Domingo Cardona

sure he can trade in his prison oranges for new duds…but they’ll only give him 10% towards the purchase of the new duds. and he can’t ask for actual currency otherwise they’ll take a 20% cut for themselves.
0_Fyrebrand_0

Now that he’s in prison, he’ll be the one getting “used.”
http://twitter.com/dularr Dularr

Hopefully he runs into the guy from Jason’s Saints Row article.