Crime

5 Men Who Fenced Stolen Diamonds Get 15 Years in Prison

CrimeSep 23, 2021

5 Men Who Fenced Stolen Diamonds Get 15 Years in Prison

They bought and resold jewels from a South America-based gang that targeted traveling salespeople across the United States.

Dallas—Five men who purchased and resold stolen jewelry stolen have been sentenced to more than 15 years in federal prison combined and ordered to pay millions in restitution. 

According to the U.S. Attorney’s Office for the Northern District of Texas, the men fenced jewels obtained from what it referred to as a “South American theft and robbery group” that targeted traveling salespeople across the U.S. 

One of the men, 51-year-old Romelio Riveron, pled guilty in March 2020 to engaging in a conspiracy to launder money.

According to court documents, Riveron said he traveled from Miami to Texas and other states to purchase stolen diamonds from the group, buying for below market value to turn a profit upon reselling and sending cash payments to co-conspirators in Colombia. 

He was sentenced to 32 months in federal prison and ordered to pay $2.3 million in restitution. The U.S. Attorney’s Office said he’s paid back approximately $230,000 to date. 

In 2019, Elkin Acosta Lopez, 46, and Harrinson Corredor, 29, both pled guilty to money laundering as well.

Plea papers show that Lopez admitted to regularly flying from Bogota, Colombia to Texas to meet up with the robbers and purchase stolen jewelry. 

He would then travel to New York City to melt it down before selling it in the U.S. or returning to Colombia to sell it in his shop. 

Corredor said he connected Lopez with the robbers and helped broker sales, knowing the jewelry was stolen and taking a portion of the proceeds. 

He was sentenced to 63 months in prison and ordered to pay $1.8 million in restitution, while Lopez was sentenced to 68 months and ordered to pay $1.4 million. 

 Related stories will be right here … 

The fourth perpetrator, 60-year-old Rubenhay Pinkhasov, pled guilty in 2019 to conspiracy to transport stolen goods in interstate commerce.

Pinkhasov admitted to helping move the stolen diamonds across state lines and to purchasing stolen diamonds and jewelry from the theft and robbery group twice.

He was sentenced to a 27 months behind bars and ordered to pay $1 million.

The fifth man sentenced in the case was 49-year-old Yuri Alishaev, a prominent jewelry dealer in New York City’s Diamond District, according the attorney’s office. 

Alishaev said in court documents that he agreed to purchase stolen diamonds from Pinkhasov.

He pled guilty to concealment of a felony and was sentenced to probation. The U.S. Attorney’s Office said he’s paid off the entirety of the $1 million he owes in restitution.

The South American theft and robbery group from which the five purchased diamonds was connected to many violent instances nationwide, including robbing one traveling jewelry salesman in Irving, Texas, at gunpoint before beating him to death.

Between 2016 and 2018, the U.S. Attorney’s Office for the Northern District of Texas charged 20 members of the group, all of whom have been convicted and sentenced.
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.
tags:

The Latest

Supplier BulletinMay 26, 2022
Extraordinary Italian Jewelry at JCK and COUTURE

Sponsored by Italian Trade Agency

SourcingMay 26, 2022
Q&A: Deciphering De Beers’ Blockchain Platform

David Prager virtually sat down with Editor-in-Chief Michelle Graff to answer questions about the rollout of Tracr at scale.

AuctionsMay 26, 2022
Bonhams New York Jewels Auction Is a White Glove Sale

Jewelry and objects belonging to Bette Midler, heiress Hélène Irwin Crocker Fagan, and Lady Sylvia Ashley were among the highlights.

Brought to you by
Dive into GIA’s Pearl Expertise

When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.

FinancialsMay 26, 2022
Movado Posts Record Q1 Sales Despite ‘Challenging’ US Market

The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.

Weekly QuizMay 26, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
TechnologyMay 26, 2022
State of Retail: The Pros and Cons of 4 Jewelry-Selling Platforms

From “old-school” eBay to new kid on the block 1stDibs, we asked jewelers about their experiences selling jewelry in non-traditional places.

Policies & IssuesMay 26, 2022
Barbara Wheat Named Executive Director of Ethical Metalsmiths

She has nearly 30 years’ experience in the gem and jewelry industry and a background in nonprofit management.

Brought to you by
A.I. Grading is Changing Conversations at the Retail Counter

Advanced technology levels the playing field, helping jewelers give customers what they want.

EditorsMay 25, 2022
7 Standout Tiaras in Sotheby’s Platinum Jubilee Exhibition

Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.

MajorsMay 25, 2022
Anne Hathaway Is Bulgari’s Newest Ambassador

The actress joins Zendaya and others in a new advertising campaign.

IndependentsMay 25, 2022
The Mexican Shack to Close After 47 Years

Owner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.

IndependentsMay 25, 2022
Designer Theo Fennell Has Written a Memoir

“I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.

IndependentsMay 25, 2022
MVEye, Wedding Report Partner on New Jewelry Research Platform

“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.

ColumnistsMay 24, 2022
The PR Adviser: 10 Questions to Contemplate

Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.

Events & AwardsMay 24, 2022
8 Gold Jewelry Designers Unveil New Platinum Designs

Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.

Lab-GrownMay 24, 2022
Kendra Scott Unveils Lab-Grown Engagement Ring Collection

The jewelry company is moving into bridal just a month after branching out into the watch world.

SourcingMay 24, 2022
State of the Diamond Industry: Where Does Supply Go From Here?

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.

Events & AwardsMay 24, 2022
WJA to Host Diversity Keynote at New Las Vegas Breakfast Event

The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.

WatchesMay 23, 2022
Steven Kaiser, Watch Industry Veteran and Beloved Mentor, Dies at 68

Kaiser, whose illustrious career spanned decades, died suddenly on Friday.

IndependentsMay 23, 2022
Long’s Jewelers to Open New Location

The family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.

IndependentsMay 23, 2022
Luxury Goods Veteran Olivier Stip Joins Chicago Jeweler CD Peacock

He will step into the retailer’s newly created role of chief development officer.

GradingMay 23, 2022
Gem-A Launches Digital Entry-Level Gemology Course

GemIntro is meant to give a broad introduction to gems and gemology.

Recorded WebinarsMay 20, 2022
Watch: Responsible Sourcing and the Gold Supply Chain

Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.

FinancialsMay 20, 2022
Richemont’s 2022 Jewelry Sales in the Americas Nearly Double

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

AuctionsMay 20, 2022
Piece of the Week: ‘Birds in Flight’ by Oscar Heyman

The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.

SurveysMay 19, 2022
5 Predictions for Jewelry Retail in the Second Half of 2022

From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.

MajorsMay 19, 2022
As It Nears 75, Here’s How Grandview Klein Stays Competitive

Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy