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Jewelry-Business Owner Accused of Hiring Man to Burn Rival Store

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He’s accused of conspiracy to commit arson.

Federal authorities say William Reneau, owner of Gold Rush Exchange LLC in Independence, MO, hired someone to set fire to a competitor’s business.

Reneau has been charged with conspiracy to commit arson, WDAF-TV reports.

He’s accused of hiring a man identified as “R.Y.” in court documents to set fire to Independence-based Bobby Jackson’s Trading Co., the Kansas City Business Journal reports. The owner of Bobby Jackson’s Trading is a former employee of Reneau’s.

It’s alleged that R.Y. drove a vehicle through the front of the business on July 17, 2017, resulting in about $10,000 in damage, and then came back an set a fire on Aug. 4, 2017, resulting in $5,000 in damage. For starting the blaze, R.Y. was allegedly paid $800.

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Prosecutors also allege that Reneau paid another individual $500 to set fire to a home, according to the Business Journal. The residence belonged to the ex-husband of Reneau’s wife.

According to its website, Gold Rush operates four jewelry stores in the Kansas City area.

Read more at WDAF-TV

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Headlines

Jewelry-Business Owner Accused of Hiring Man to Burn Rival Store

mm

Published

on

He’s accused of conspiracy to commit arson.

Federal authorities say William Reneau, owner of Gold Rush Exchange LLC in Independence, MO, hired someone to set fire to a competitor’s business.

Reneau has been charged with conspiracy to commit arson, WDAF-TV reports.

He’s accused of hiring a man identified as “R.Y.” in court documents to set fire to Independence-based Bobby Jackson’s Trading Co., the Kansas City Business Journal reports. The owner of Bobby Jackson’s Trading is a former employee of Reneau’s.

Advertisement

It’s alleged that R.Y. drove a vehicle through the front of the business on July 17, 2017, resulting in about $10,000 in damage, and then came back an set a fire on Aug. 4, 2017, resulting in $5,000 in damage. For starting the blaze, R.Y. was allegedly paid $800.

Prosecutors also allege that Reneau paid another individual $500 to set fire to a home, according to the Business Journal. The residence belonged to the ex-husband of Reneau’s wife.

According to its website, Gold Rush operates four jewelry stores in the Kansas City area.

Read more at WDAF-TV

Advertisement

Advertisement

SPONSORED VIDEO

Maximize Every Sale with Wilkerson

When it’s time to run a sale, whether it’s a retirement, going-out-of-business, anniversary or “we’ve got too much merchandise” sale, let Wilkerson handle the details. The Diamond Galleria did just that when they selected Wilkerson to run its liquidation sale. According to Sharon, their CPA, it was the right choice. “We could have done a going-out-of-business sale ourselves and done 30 to 40 percent of what we actually sold with Wilkerson involved,” she says. Seeing the strategies that Wilkerson puts in place for every sale was something that convinced her they had made the right move. “I would highly recommend Wilkerson to anyone considering this type of sale.”

Promoted Headlines

Most Popular