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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Pennsylvania

Monday, September 12, 2016

Former Manager At QVC Pleads Guilty To Wire Fraud, Mail Fraud And Money Laundering

PHILADELPHIA- Douglas Rae, 59, plead guilty today to wire fraud, mail fraud and money laundering for defrauding his employer, QVC, a television based retail company, announced United States Attorney Zane David Memeger.

Rae, while employed as a manager in the Lighting Department at QVC, concocted multiple schemes to falsely invoice his employer of approximately $1.8 million.

Rae faces a statutory maximum of 130 years’ imprisonment, a fine of $1.75 million, supervised release and a $700 special assessment.  The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Denise S. Wolf

Financial Fraud
Updated September 13, 2016