Connect with us

Headlines

Jewelry Store Raided After Owner’s Arrest

mm

Published

on

He’s accused of being a “fence.”

A jewelry store in Philadelphia has been raided following the owner’s arrest on allegations of acting as a fence in connection with a burglary ring.

Federal agents arrived at V Jewelers on the city’s Jewelers’ Row on Sunday evening, the Associated Press reports.

Owner Wasim Shazad stands charged with “dealing in proceeds of unlawful activity, receiving stolen property, failing to report precious metal transactions and corrupt organizations,” according to the news agency.

Shazad, who was arrested days before the raid, is believed to be connected with a burglary ring that hit homes in Chester, Delaware and Montgomery counties, WPVI-TV reports. The stolen goods were reported to be worth $1.5 million.

According to WPVI, prosecutors are claiming that Shazad used three storefronts to buy and sell the merchandise.

He’s set to appear in court on Feb. 2.

Advertisement

Read more at AP and WPVI

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

Most Popular