Former Gamestop VP sentenced to 51 months in prison for defrauding the company of $1.7m
Frank Olivera used to be the VP of corporate communications and public affairs for Gamestop, but recently it was found that he had been stealing money from the company and transferring it to a fake company he had created (“Cloud Communications LLC”) before transferring it to his personal bank account. The total amount stolen added up to over $1.7 million dollars, which is, according to the courts, enough for him to be sentenced to 51 months (just over four years) in prison.
On top of that, he must return the stolen funds and an extra $134,651 in additional costs.
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