Connect with us

Headlines

Suspect Pleads Guilty in $800,000 Luxury Watch Scheme

mm

Published

on

 

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

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

Promoted Headlines

Most Popular