Connect with us


Pennsylvania Jeweler Convicted of Selling Counterfeit Rolex Watches

Authorities said the store ‘was a front for fraud.’




PHILADELPHIA – A Pennsylvania jeweler has been convicted of charges related to the sale of counterfeit Rolex watches.

Dimitre Hadjiev, 41, of Upper Darby, PA, was convicted at trial of charges including trafficking in counterfeit goods and financial fraud offenses, according to a press release from the U.S. Attorney’s Office for the Eastern District of Pennsylvania. Hadjiev operated a jewelry store on the 300 block of South Street in Philadelphia.

An investigation by the IRS and FBI showed that Hadjiev was knowingly buying and selling counterfeit Rolex watches and customizing Rolex watches with counterfeit Rolex parts, according to the release.

Authorities said that Hadjiev structured bank deposits from his store sales to avoid activating his banks’ reporting requirements and that he failed to make required reports for cash sales of more than $10,000.

“The defendant trafficked in counterfeit merchandise and structured his deposits to conceal the cash flowing into his jewelry business,” said U.S. Attorney Jacqueline Romero. “This Office and its law enforcement partners are committed to protecting consumers from unknowingly purchasing phony merchandise, and to holding defendants accountable for their greed.”

In total, amount involved in the scheme was over $750,000, according to the release.


“Dimitre Hadjiev’s store wasn’t a legitimate business – it was a front for fraud,” said Jacqueline Maguire, special agent in charge of the FBI’s Philadelphia Division. “The FBI and our partners are working hard to crack down on crooked businesses of all stripes, whether they’re cheating the public, the government, or, as in this case, both.”




Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

Promoted Headlines

Most Popular