Former GameStop VP Frank Christopher Olivera was sentenced to 51 months in federal prison by a U.S. District Judge last week after stealing more than $1.7 million from his former employer.
Olivera, 46, pleaded guilty to one count of mail fraud last year for his role in an embezzlement scheme, a crime punishable by up to 20 years in prison and a $250,000 fine. In addition to repaying "most of" the money stolen from GameStop Texas LLP, Olivera was ordered to pay an additional $57,376, the amount unpaid on the loss, and $77,275 in restitution.
A former vice president of corporate communications and public affairs at GameStop, Olivera siphoned money to a personal account between July 2009 and April 2011. He submitted "false and fraudulent invoices for vendor services from a fictitious company, Cloud Communications LLC, which he owned and controlled," according to a release from the Court.
Olivera was terminated by GameStop in 2011. Polygon has contacted the company seeking further comment.
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