Olympus employee made $336K from selling promo camera equipment on eBay

An Olympus employee made $336K from selling promo camera equipment on eBay. Here are the details from The Morning Call (news release by the Lehigh County district attorney’s office):

The investigation began in December 2014 when a member of the Olympus internal audit team discovered an ongoing theft of camera equipment by Sasserath.

Police in Upper Saucon, where Olympus is headquartered, were contacted and “an extremely complex” 17-month investigation took place, aided by township police Sgt. Thomas Nicoletti.

Investigators used court orders to obtain information from online sale sites, including eBay and PayPal.

Sasserath was given numerous pieces of camera equipment to distribute to individuals in the photography field at no cost. Authorities said in emails about the equipment, Sasserath allegedly altered approvals to get additional equipment to sell.

Authorities said Sasserath admitted to police that from 2011 to 2014, he took camera equipment without authorization and sold it online. Sasserath said he also sold Olympus equipment owned by his father and received about $30,000, police said.

Police said Sasserath received more than $336,000 from the equipment sales.

Because of the complexity of the investigation, authorities say police were not able to obtain all the online records at the time of the alleged thefts.

Via Petapixel

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  • peevee

    Here is Olympus US for you. No wonder they have to maintain ridiculous prices on their stuff.

  • Good to see someone at Olympus is making money.

  • OMG! This is one of the guys who used to lend us Olympus equipment for review at Neocamera. We always sent back but once we got asked about an item and I think that was them noticing things not returning to inventory.