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Nov. 5, 2012 |
EXEC PLEADS GUILTY IN PHONY PR FEE SCAM |
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By Kevin McCauley
The former PR chief of video game retailer Gamestop has plead guilty in a scheme to steal $1.9M from his employer through phony PR agency fees.
The exec, Chris Olivera, "hired" a fictitious outside PR firm called Cloud Communications and pocketed the fees after billing Gamestop for PR services between 2009 and 2011.
The retailer became suspicious and called in federal investigators before firing Olivera last year.
Olivera pleaded guilty on one count of mail fraud, which could lead to up to 20 years in jail and a $250K fine, in addition to paying back the company. |
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