If convicted, he could face up to 20 years in federal prison for mail fraud.
It was allegedly a Ponzi scheme.
Sentencing is set for January.
He's charged with wire fraud and wire fraud conspiracy.
Dozens of individuals and businesses are reportedly owed money.
She's accused of passing off less expensive stones as real diamonds.
They allegedly defrauded e-commerce customers.
India is seeking to extradite him.
A federal grand jury returned a 38-count indictment.
He claims he lost them.
He’s headed to prison for 41 months. CHARLOTTE, NC – A Charlotte jeweler has been sentenced to 41 months in prison in connection with a $3.5 million...
Cybercrime is soaring. Total losses from crimes against the jewelry fell 0.4 percent to $72.1 million in 2017, but there was a troubling increase in certain...
His net worth is now estimated at less than $100M. Indian jeweler Nirav Modi no longer has a place on Forbes’ annual list of the world’s...
(PRESS RELEASE) MUMBAI – The Indian diamond industry with its over tens of thousands of factories, 6000 exporters are world leaders in processing of diamonds. The...
He could spend up to 5 years in prison. The owner of a jewelry business in Johnston, RI, is set to plead guilty in connection with a...
He used the photo of a well-known TV personality. A fraudster attempted to scam an Aspen, CO, jeweler out of a gold chain, but when he...
It’s ‘one of the biggest challenges to retailers of all sizes.’ (Press Release) WASHINGTON – Organized retail crime is continuing to grow, with 67 percent of...
He violated the Indian Arts and Crafts Act. ALBUQUERQUE – A New Mexico man has admitted to selling counterfeit Native American-style jewelry in two retail jewelry...
He was accused in a scheme to defraud lenders. A judge has dismissed a fraud case against the former owner of well-known Boston-area jewelry chain Alpha...
He ran the scheme from prison. James Sabatino has pleaded guilty to to swindling jewelry businesses out of $9.2 million in merchandise, the Jewelers’ Security Alliance reports....
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