Jeweler's Employee Accused of Stealing $12 Million in Gold

[ARCHIVED THREAD] - Jeweler's Employee Accused of Stealing $12 Million in Gold

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

Posted: 4/30/2009 11:18:52 AM EDT

[#1]

Quoted:

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

I have a pretty good idea!

Posted: 4/30/2009 11:19:37 AM EDT

[#2]

5 years and 450lbs of gold later?

Posted: 4/30/2009 11:36:33 AM EDT

[#3]

How does a pawn shop not notice that their inventory is short $12M?

Posted: 4/30/2009 11:51:12 AM EDT

[#4]

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.

Posted: 4/30/2009 7:21:54 PM EDT

[#5]

Why the heck wouldn't you cash that much gold out!

Posted: 4/30/2009 7:30:33 PM EDT

[#6]

Quoted:
How does a pawn shop not notice that their inventory is short $12M?

Excellent question.

Got lost in the powder.

Posted: 4/30/2009 8:14:13 PM EDT

[#7]

Quoted:
Why the heck wouldn't you cash that much gold out!

Where are you going to turn that much gold over in a matter of a few years without raising lots of eyebrows

Posted: 5/1/2009 9:18:49 AM EDT

[#8]

Quoted:
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

[ARCHIVED THREAD] - Jeweler's Employee Accused of Stealing $12 Million in Gold

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