A former Saks Fifth Avenue personal shopper in Boston’s Back Bay has been accused of embezzling a hefty sum from the luxury retailer. Suhail Kwatra, known for dressing some of the city’s most affluent individuals, allegedly carried out a fraud totaling over $429,000, primarily through processing fraudulent returns. According to NBC10 Boston, company asset protection officials discovered the suspicious transactions during an internal review.
Despite nearly two decades of employment as a personal shopper, Kwatra’s actions have now led to charges of larceny. As reported by NBC10 Boston, the employee was purportedly observed transferring money from the returns onto gift cards, which he then used for personal purchases. In a period stretching from September to November, these transactions amounted to more than $11,000. When confronted, Kwatra provided a handwritten letter admitting to the misappropriation of the funds and signed a document agreeing to pay back the entire sum.
This scandal has led to his arraignment set for December 18. Kwatra’s defense by his attorney, Jennifer Furey, suggests an alternative motive behind the charges. Furey’s statement, obtained by NBC10 Boston, claims that “Saks launched these baseless and vindictive charges” as retaliation after Kwatra contemplated an offer from another global retailer and declined a retention bonus from Saks…