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Former GameStop VP pleads guilty to almost $2 million embezzlement scheme

Saturday, 3rd November 2012 15:48 GMT By Jeff Dunn

Former GameStop vice president of corporate communications and public affairs Chris Olivera has pleaded guilty to an embezzlement scheme that granted him almost $2 million from the company.

A federal indictment filed Thursday says that Olivera regularly sent payments to Nevada-based PR agency Cloud Communications, LLC, and its representative Jennifer Miller, from July 2009 to April 2011.

This would be all well and good, except neither Cloud Communications nor Jennifer Miller actually existed. Instead, Olivera reportedly took the checks he wrote out to Cloud and deposited them for himself. GameStop soon became suspicious, brought in federal officials, and the whole scheme was revealed.

Olivera’s guilty plea admits to one count of mail fraud, which could bring him up to 20 years in prison as well as a $250,000 fine. Here’s the guilty plea in it’s entirety (via Dallas Observer).

Thanks, Kotaku.

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2 Comments

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  1. SlayerGT

    That was my preorder money!! :P

    #1 2 years ago
  2. Cobra951

    Gah! My eyes! Please, guys, be gentle with my sore spot.

    “It’s” – Contraction for “it is” or “it has”, always

    “Its” – Possessive pronoun, always

    Sorry, it’s my own hangup, I know. Its history is long and painful.

    #2 2 years ago