The criminals targeted 40 stores nationwide.
A California man admitted to a role in a scheme in which more than $800,000 worth of luxury watches were purchased by fraudulent means.
Thung Van Huynh admitted to a count of conspiracy to commit bank and wire fraud, PennLive reports.
Huynh and three other people were accused of buying or trying to buy the watches — including Rolex and other brands — in 2013 and 2014.
They targeted more than 40 stores all over the U.S.
“The watches were bought with money obtained by submitting on-line loan applications with various financial institutions using the fake identification documents,” PennLive reports, citing Assistant U.S. Attorney George Rocktashel.
Advertisement
Huynh could face a sentence of up to 30 years in prison.
Read more at PennLive
Wilkerson Testimonials
Cleaning House for a New Generation
At Komara Jewelers in Canfield, Ohio, Wilkerson handled all the aspects of its retirement sale just as owner Bob Komara’s children took over day-to-day operations of the business. They’d used other companies before, says Brianna Komara-Pridon, but they didn’t compare. “If we had used Wilkerson then, it would have been so much better.”
