Man pleads to stealing $1.8M from shopping network QVC

Markets Associated Press

A Pennsylvania man who spent several years as the lighting manager for online and TV shopping network QVC Inc. has pleaded guilty to stealing about $1.8 million from the company.

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Douglas Rae, of Bethlehem, pleaded guilty Monday to stealing from the Westchester, Pennsylvania-based QVC by submitting bogus invoices from two lighting companies he controlled from 2006 to 2013.

Prosecutors say the 59-year-old Rae also funneled other phony invoices to QVC through two other people who have already pleaded guilty.

Prosecutors say Rae used the money to buy jewelry, yacht and golf club memberships, $83,000 in restaurant tabs and other lavish expenses.

Rae's attorney says he'll now focus on trying to limit whatever sentence is imposed Dec. 12 by a federal judge in Philadelphia.