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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.”




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Rick White, owner of White’s & Co. Jewelry in Rogers, Ark., knew it was time to retire. Since the age of 18, jewelry had been his life. Now it was time to get that “me time” every retailer dreams about. So, he chose Wilkerson to manage his going-out-of-business sale. White says he’d done plenty of sales on his own, but this was different. “Wilkerson has been a very, very good experience. I’ve had the best salespeople in the history of jewelry,” he says. “I recommend Wilkerson because they are really the icon of the jewelry business and going-out-of-business sales. They’ve been doing it for decades. I just think they’re the best.”

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