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Monday, February 26, 2024 | Back issues
Courthouse News Service Courthouse News Service

Video Game Exec Embezzled $2 Million

DALLAS (CN) - A former executive with video game retailer Gamestop pleaded guilty to embezzling nearly $2 million from it.

Frank Christopher Olivera pleaded guilty to mail fraud, according to a factual resume filed in Federal Court.

Olivera was a vice president of corporate communications and public affairs with the Grapevine-based company. He issued checks to Cloud Communications, a fictitious company he controlled.

"In his position, Olivera received, processed and submitted for payment invoices for vendor services," the 4-page factual resumé states.

"Beginning on or about July 2009, and continuing through on or about April 2011, Olivera did unlawfully, knowingly and willfully devise a scheme and artifice to defraud Gamestop Texas LP of monies by submitting for payment false and fraudulent invoices for vendor services from a fictitious company."

Olivera had the payments made to Cloud Communications in Canada, Las Vegas, and Lake Tahoe, Nev. Prosecutors said he also created a fictitious contact person, Jennifer Miller, for the fake company.

"The overall scheme and artifice to defraud involved $1,965,900 in fraudulent invoices," according to the factual resumé.

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