Jewelry Store Employee Frightened Of Recession Steals $12 Million In Gold
According to reports a woman identified as Teresa Tambunting is suspected of stealing $12 million in gold and gems from her job at Queens jewelry store and then storing them in her basement. The Jacmel Jewelry store found $12 million in gold pieces and other jewelry were missing from the vault.These included 10k gold chain, 18K gold ring and the like.
The woman from Scardale told her family at Christmas dinner that she feared the recession. According to family members Tambunting’s fears stemmed from the Wall Street chaos and her husband Edgardo’s employment at Cantor Fitzgerald. Tambunting was afraid the recession would force her husband to change jobs.
Prosecutors state that during this time Tambunting, her three children and husband were living with raw gold and jewelry hidden in the basement of their home. They say the 50-year-old woman over a six-year time slipped small pieces of gold and jewelry in the lining of her purse. Tambunting was the vault manager from where the $12 million of gold and jewelry was missing since 1991. Apparently she was taking 10k gold chain, rose gold chain, bling bling jewelry and so forth.
She had started working at the store when it opened in 1977, after the audit according to Jacmel President Jack Rahmey Tambunting returned 80 pounds of the missing gold and jewelry in a suitcase.