A former Tiffany exec has allegedly stole $1 million in jewelry. Ingrid Lederhaas-Okun, Tiffany & Co former vice president, stole $1.3 million of jewelry over a two-year period, federal prosecutors feds say.

Tiffany & Co is, as the criminal complaint says, "one of the world's premier high-end jewelers." Ingrid Lederhaas-Okun  allegedly stole and resold over 165 pieces of jewelry from the valuable NYC store and made up stories to cover up the loss. The former Tiffany executive has been accused by the feds wire fraud and interstate transportation of stolen property.

Ingrid Lederhaas-Okun allegedly stole over 165 pieces of Tiffany jewelry, including diamond bracelets and gold earrings, from January 2011 through February 2013. Manhattan U.S. Atty. Preet Bharara said she then resold them to an unnamed New York City jewelry reseller.

"As alleged, Ingrid Lederhaas-Okun went from a vice president at a high-end jewelry company to jewel thief," Manhattan US Attorney Preet Bharara said.

"Her arrest shows that no matter how privileged their position in a company, employees who steal will face the full consequences of the law."

The former Tiffany exec, Ingrid Lederhaas-Okun, worked as the company's vice president of design and product development. She had been laid off "as part of an overall downsizing" in February. Lederhaas-Okun was arrested this morning in Darien, Connecticut at her home. If convicted, she faces up to 30 years in jail.