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 | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Most Popular