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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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Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

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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

Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

Promoted Headlines

Most Popular