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GameStop’s Former PR Chief Pleads Guilty To $1.9 Million Embezzlement
Chris Olivera, formerly GameStop’s vice president of corporate communications, has pleaded guilty to embezzling $1.9 million while working at the company.
Olivera’s scheme lasted for over two years and involved the creation of a fake PR firm, Cloud Communications with a fictitious CEO Jennifer Miller. Olivera then proceeded to bill GameStop for work never performed. He carried out this practice from April 2009 to June 2011 and ended after GameStop brought in federal investigators to examine the payments.
The federal agents determined that cheques were being payed into Cloud Communications, which had been incorporated by Olivera and were then been transferred to his personal account.
Olivera faces 20 years for a single count of mail fraud, a $250,000 fine and the repayment of the embezzled funds to GameStop. A GameStop statement to Kotaku states that: “Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government’s investigation.”
The guilty plea can be read in full here.