Former GameStop VP Pleads Guilty to Major Fraud

Former GameStop VP Pleads Guilty to Major Fraud

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Chris Olivera admits to siphoning $2 million out of GameStop and into his own bank account.

As GameStop's Vice President of Corporate Communications and Public Affairs, Chris Olivera had a number of responsibilities on his desk, among them dealing with invoices from vendors: receiving them, processing them and submitting them for payment. But it turns out that Olivera is not exactly what you'd call a moral, stand-up dude.

He cooked up a scheme to line his pockets by creating a fake company, "Cloud Communcations LLC," complete with a fake company rep by the name of Jennifer Miller. He then submitted invoices from Cloud Communications to GameStop and, in his capacity as veep of the benjamins, directed that they be paid. The scheme ran for almost two years, from roughly July 2009 until April 2011, and ended up putting $1,965,900 in his pocket.

Unfortuately for Olivera, his greed eventually caught up to him. On or around April of last year, GameStop began to suspect that he was cooking the books and called in the authorities, who put it all together and clapped him in irons. He pleaded guilty to one count of mail fraud last week, which doesn't sound so bad, but a single count of mail fraud carries with it a maximum penalty of 20 years in jail and a $250,000 fine.

So remember, kids: Crime doesn't pay, unless you're smart enough to pull it off without getting caught.

Source: Dallas Observer

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I can't say that I'm very surprised by this. I don't hear good things about Gamestop at all anymore.

So remember kids Andy is admitting to something here, but thinks he is smart enough to get away with it. Escapist make sure that you know how many checks you write him.

So he siphoned almost $2 million, and all he gets hit with is one count of mail fraud. wow I wont those cops.

"you have been siphoning money from Game Stop... wait mail fraud... this is more important."

I guess you could say his luck has...

*puts on sunglasses*

...evaporated

well I hope the VP of gamestop might actually bring some change to gamestop and make it less of a evil company that doesn't rip off its customers.

Remember kids, a good thing is when you do something bad and you don't get caught, and a bad thing is when you do something bad and you DO get caught.
And this man did a very bad thing.

But seriously, this doesn't surprise me in the least.

Let's see... Gamestop basically steals from customers and employees alike, and a suit within Gamestop steals from them. Theft from all points of view.

Oh yay, a thread about Gamestop this won't instantly turn into people raging about "gurmstp es teh evils!" will it? *looks up* whoops too late.

OT: I think this deserves the "officially a bad idea" stamp. hopefully this morn gets what he deserves and his actions have no lasting effect on the company.

EDIT: why is my avatar broken? I though the image I used was the right size. grrr gonna hafta contact support at this rate.

gardian06:
So remember kids Andy is admitting to something here, but thinks he is smart enough to get away with it. Escapist make sure that you know how many checks you write him.

So he siphoned almost $2 million, and all he gets hit with is one count of mail fraud. wow I wont those cops.

"you have been siphoning money from Game Stop... wait mail fraud... this is more important."

Since he pleaded guilty it was likely a plea bargain.

Same thing for all crimes. Even if you kill someone, you can still get a plea bargain in most cases. The reason is that the court really doesn't want to deal with your shit, so if you'll confess (Whether you did it or not) they'll give you a lesser charge for not wasting the court's time and money on a trial.

Kevlar Eater:
Let's see... Gamestop basically steals from customers and employees alike, and a suit within Gamestop steals from them. Theft from all points of view.

I didn't think it would take us long to get to something like this but that's not going to stop me from asking how, exactly, GameStop is "stealing" from customers and employees?

trading in games is enough to make one feel ripped off at GameStop lol...

Andy Chalk:

Kevlar Eater:
Let's see... Gamestop basically steals from customers and employees alike, and a suit within Gamestop steals from them. Theft from all points of view.

I didn't think it would take us long to get to something like this but that's not going to stop me from asking how, exactly, GameStop is "stealing" from customers and employees?

As much as I normally disagree with you Andy you are correct here. Gamestop doesn't steal from their customers. However, their customers are dumb enough to comply with being ripped off and not thinking twice about it. I hate saying this but if you shop at gamestop, you get whatever misfortune comes your way when dealing with that company.

On the unlikely chance that he didn't blow it all on stuffing ice cube sized rocks of cocaine up his nose and the services of expensive whores that's still $98,295 a year for the maximum sentence. Assuming of course he can meet back up with the cash without it being taken off him after his visit to the big house.

GAunderrated:

Andy Chalk:

Kevlar Eater:
Let's see... Gamestop basically steals from customers and employees alike, and a suit within Gamestop steals from them. Theft from all points of view.

I didn't think it would take us long to get to something like this but that's not going to stop me from asking how, exactly, GameStop is "stealing" from customers and employees?

As much as I normally disagree with you Andy you are correct here. Gamestop doesn't steal from their customers. However, their customers are dumb enough to comply with being ripped off and not thinking twice about it. I hate saying this but if you shop at gamestop, you get whatever misfortune comes your way when dealing with that company.

*Shrug* trade in credit is trade in credit. Though generally speaking you only want to do trade-ins when they have a deal going. Otherwise it's typically not worth your time.

Fucking knew it.

The company is 200% evil.

Can we please get rid of GameStop now?

In no way is this shocking. This seems a very common thing in the business world, though maybe I'm just saying that as the child of a Qwest/US West worker (if you don't know they had something very similar happen, google Joseph Nacchio for more).

It seems to me that these corporate guys see the companies as their private banks, and given how little trouble they actually get in to for it (at worst a Federal Prison stay that might as well be boarding school) I don't really see any reason for them to stop any time soon.

Let's break it down: first off, we are trained not to question our bosses, next up they are trained to treat us like slaves, and then when you think about the sort of person who pursues that kind of position and can actually get it... No shit they're going to rip things off when they can, like the greedy untrustworthy little weasels they have always been.

Well, it's not surprising in the sense that most people in his position do the same thing and we never find out about it because, like they said, they're smart about it. I'm not saying it's fine but...it's expected, sadly.

It's like I always say: It's fun working AT GameStop but it sucks working FOR GameStop. Trust me. (But that's irrelevant to this article...)

Is it just me or is everyone jumping on the "Gamestop is evil" bandwagon? Hell, I actually like them.

erttheking:
Is it just me or is everyone jumping on the "Gamestop is evil" bandwagon? Hell, I actually like them.

I love the one near me. One of their associates always makes recommendations for games based on what features I want. He has never steered me wrong. Great store, and one helluva good employee.

 

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