Headlines

Suspect Pleads Guilty in $800,000 Luxury Watch Scheme

Published

9 years ago

January 12, 2017

INSTORE Staff

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.

Huynh could face a sentence of up to 30 years in prison.

Read more at PennLive

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