The announcement coincided with its full-year results, with growth driven by its jewelry brands.
3 Plead Guilty in Native American Jewelry Scam
They admitted to their roles in a conspiracy in which jewelry manufactured in the Philippines was sold as Native American-made.
Phoenix—Three of the seven people indicted last February for passing off jewelry made overseas as Native American works have pleaded guilty in the case, the U.S. Justice Department announced.
Laura Marye Wesley, aka Laura Lott, 32; 46-year-old Christian Coxon; and 44-year-old Waleed, aka Willie, Sarrar entered their pleas Monday before U.S. Magistrate Judge John Z. Boyle in Phoenix.
According to the indictment, Wesley and her father, 70-year-old Richard Dennis Nisbet, were the ringleaders of a seven-person operation that conspired to have the jewelry made in the Philippines and imported into the United States.
It was delivered to jewelry stores throughout the country and sold as Native American-made jewelry, a violation of the Indian Arts and Crafts Act.
A federal law, the IACA prohibits the display and/or sale of any goods—jewelry, rugs, baskets, leather goods, etc.—in a manner that suggests they are Native American-produced, a Native American product, or the product of a specific individual or tribe if they were not made by Native Americans.
In her plea, Wesley admitted to working with the Filipino factory workers who were making the knockoffs and wiring money to the Philippines to pay them and cover costs; smuggling jewelry into the U.S. through the mail to avoid inspection by federal authorities; and removing stickers that read “Made in the Philippines” from bags of imported jewelry.
She also admitted to delivering the pieces to jewelry stores in states including Arizona, Colorado, California, Texas, Minnesota and Utah.
Wesley owned and operated LMN Jewelers, and co-owned and co-operated Last Chance Jewelers, both of which specialize in the sale of Native American-style jewelry.
She pleaded guilty to: one count of conspiracy to commit misrepresentation of Indian-produced goods, wire fraud, mail fraud, entry of goods by means of false statements, and smuggling goods.
Coxon pleaded guilty to one count of conspiracy to mispresent Native American-produced goods and wire fraud for ordering and misrepresenting the jewelry at his store, Turquoise River Trading Company in San Antonio, the Justice Department said.
Sarrar pleaded guilty to the same for his store, Scottsdale Jewels in Scottsdale, Arizona.
Wesley and Sarrar are scheduled to be sentenced on March 30. Coxon’s sentencing is set for March 23.
The Justice Department said they face a maximum of five years in prison and up to $250,000 in fines.
The fourth defendant, Nisbet, died on Dec. 24 in Arizona, according to a filing made by his attorney on Jan. 3.
Their cases remain open, court records show.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.