By  on July 2, 2013

NEW YORK — A former Tiffany & Co. executive was arrested Tuesday for stealing $1.3 million of jewelry from the New York-based company, and now faces up to 30 years in prison.

Federal agents arrested Ingrid Lederhaas-Okun, 46, at her Darien, Conn., home, after Tiffany accused its former employee of “checking out” and selling more than 165 pieces of jewelry with a retail value of more than $1.2 million from November 2012 to February of this year. The former vice president of product development pilfered “numerous diamond bracelets, platinum or gold diamond drop and hoop earrings, platinum diamond rings and platinum and diamond pendants,” according to Manhattan U.S. attorney Preet Bharara. She was fired by Tiffany in February “as part of an overall downsizing,” court papers said.

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