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.
Douglas Rae, of Bethlehem, pleaded guilty Monday to stealing from the West Chester, 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.
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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.