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7/8/2020 3:01:36 PM
Posted: 4/30/2009 11:16:13 AM EDT
Jeweler's Employee Accused of Stealing $12 Million in Gold

Wednesday, April 29, 2009



NEW YORK —
Prosecutors say a suburban New York woman stole $12 million in gold over six years from the jewelry manufacturer where she worked.

Teresa Tambunting has been charged with grand larceny and criminal possession of stolen property. Prosecutors say she took gold from Jacmel Jewelry in Queens and hid it in the lining of her pocketbook.

The company discovered in January that nearly $12 million in merchandise was missing.

Prosecutors say the thefts occurred from 2004 until Tuesday and that a search turned up 450 pounds of gold at her home in Scarsdale, N.Y.

Tambunting was released Tuesday on $100,000 bail. Her attorney did not immediately return a call seeking comment Wednesday.

Prosecutors are investigating what she planned to do with the jewelry.


Link to story
Link Posted: 4/30/2009 11:18:52 AM EDT
[Last Edit: 4/30/2009 11:19:21 AM EDT by -RTC-]
Originally Posted By Draco223:

Prosecutors are investigating what she planned to do with the jewelry.


I have a pretty good idea!

Link Posted: 4/30/2009 11:19:37 AM EDT
5 years and 450lbs of gold later?
Link Posted: 4/30/2009 11:36:33 AM EDT
How does a pawn shop not notice that their inventory is short $12M?
Link Posted: 4/30/2009 11:51:12 AM EDT



jeezus. even the US government can keep track of tens of millions of dollars. i'm having a difficult time imagining how anyone else could miss something like that.


Link Posted: 4/30/2009 7:21:54 PM EDT
Why the heck wouldn't you cash that much gold out!
Link Posted: 4/30/2009 7:30:33 PM EDT
Originally Posted By shocktrp:
How does a pawn shop not notice that their inventory is short $12M?


Excellent question.


Got lost in the powder.
Link Posted: 4/30/2009 8:14:13 PM EDT
Link Posted: 5/1/2009 9:18:49 AM EDT
Originally Posted By g2142:
Why the heck wouldn't you cash that much gold out!


Was it actual gold OR gold jewelry???  I am assuming gold, but just wondering..

If its jewelry wonder if the $12m was retail pricing or materials pricing..



Brian
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