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Former GameStop VP pleads guilty to embezzling millions

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GameStop

It's game over for Chris Olivera.

Olivera, former VP of corporate communications and public affairs for video game retail giant GameStop, has pled guilty to embezzling nearly $2 million from the company, reports the Dallas Observer.

According to court papers, Olivera managed to scam GameStop by setting up a fake PR firm called Cloud Communications, run by an imaginary PR rep named Jennifer Miller. Olivera then billed GameStop for work performed between July 2009 and April 2011, though no work was actually done since, after all, no one worked there.

Eventually GameStop grew suspicious of Olivera's intentions, prompting the feds to look into the matter. Olivera, it turns out, was transferring money GameStop paid to Cloud Communications directly into his own bank account.

Olivera has admitted to one count of mail fraud, which carries a fine of up to $250,000 and a maximum sentence of 20 years in prison.

"Mr. Olivera was terminated last year and GameStop has fully and completely cooperated with the government's investigation," GameStop told Kotaku in a statement.

GameStop is hoping to make some serious coin this holiday, hosting midnight launches for big-name games like Halo 4 and Call of Duty: Black Ops II. The store will also feature kiosks showcasing Nintendo's Wii U console, which releases on November 18.

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