One-Time Olnick Controller Pleads Guilty to Grand Larceny

Ellen Hauer, a 30-year employee of the reclusive Olnick family’s Hampton Management Company, has pleaded guilty to stealing more than $1 million from her one-time employer in exchange for 3.5 to 10.5 years in prison, according to The New York Times:

Ms. Hauer, 52, who served as controller of the Olnick Organization from 1997 to 2008, told prosecutors that she “used the money to pay credit card bills for Las Vegas trips, Caribbean cruises, jewelry, furs and Victoria’s Secret lingerie.”

The plea deal requires Ms. Hauer to transfer all of her assets, including cash, an interest in four racehorses, a 401(k) account containing $39,800 and all of her American Express Rewards points, to her employer, Hampton Management. The company manages the building that is home to Gov. David A. Paterson and Representative Charles B. Rangel.

One-Time Olnick Controller Pleads Guilty to Grand Larceny