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

This entry was posted in Olympus and tagged , . Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate I earn from qualifying purchases. Thanks for your support!