Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Sunday, June 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

Gamestop VP Gets Four-Year Sentence

DALLAS (CN) - A former vice president of Gamestop was sentenced Thursday to four years in federal prison for defrauding the company of $2 million.

Frank C. Olivera pleaded guilty to mail fraud in November 2012.

He admitted that as VP of communications, he issued $1,965,900 in checks to Cloud Communications, his own imaginary company, for fraudulent invoices.

He was sentenced to four years and three months in prison and ordered to pay restitution.

Gamestop, a video game retailer, is based in Grapevine, Texas.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.