New York busts US$9 million diamond fraud
Ten suspects accused of orchestrating a multi-million-dollar diamond fraud conspiracy
PHOTO: AFP
NEW YORK CITY:
Ten suspects were arrested on Wednesday, accused of orchestrating a multi-million-dollar diamond fraud conspiracy from New York that extended to India and Las Vegas, officials announced.
PML-N lawmaker’s jewellery stolen from Parliament Lodges
Based in Manhattan's diamond district, the suspects are accused of swindling wholesalers out of precious jewels by using bad checks and forged documents, and reselling them for more than US$9 million.
The conspiracy allegedly defrauded a New York-based victim out of more than US$2.4 million, four victims in Mumbai out of more than US$7.4 million and conspired to defraud a jewelry merchant at a Las Vegas trade show.
Gold coin worth US$4 million stolen from Berlin museum
Two other defendants remain at large.
Eleven of the defendants are Americans and one a citizen of Uzbekistan, lawfully entitled to live in the United States, prosecutors said.
Ten suspects were arrested on Wednesday, accused of orchestrating a multi-million-dollar diamond fraud conspiracy from New York that extended to India and Las Vegas, officials announced.
PML-N lawmaker’s jewellery stolen from Parliament Lodges
Based in Manhattan's diamond district, the suspects are accused of swindling wholesalers out of precious jewels by using bad checks and forged documents, and reselling them for more than US$9 million.
The conspiracy allegedly defrauded a New York-based victim out of more than US$2.4 million, four victims in Mumbai out of more than US$7.4 million and conspired to defraud a jewelry merchant at a Las Vegas trade show.
Gold coin worth US$4 million stolen from Berlin museum
Two other defendants remain at large.
Eleven of the defendants are Americans and one a citizen of Uzbekistan, lawfully entitled to live in the United States, prosecutors said.