Crime

Queens Jeweler Convicted of Laundering Stolen Luxury Watches

CrimeFeb 06, 2023

Queens Jeweler Convicted of Laundering Stolen Luxury Watches

A jury found Stanislav Yakubov guilty of money laundering and making false statements to federal law enforcement agents.

20230206_StolenWatches.jpg
The U.S. Attorney’s Office of the Southern District of New York is asking anyone who knows the whereabouts of the stolen watches pictured to contact them. Jeweler Stanislav Yakubov has been convicted of laundering the stolen goods.
New York—It’s the end of the road for a jeweler accused of laundering stolen luxury watches.
 
A jury found Stanislav “Steve” Yakubov, owner of a jewelry store in the Jamaica Colosseum Mall in Queens, New York, guilty on one count of money laundering and two counts of making false statements to federal law enforcement agents, the U.S. Attorney for the Southern District of New York Damian Williams announced Feb. 1. 
 
U.S. District Judge Edgardo Ramos presided over the eight-day trial. Ramos will sentence 42-year-old Yakubov on June 1. 
 
According to the U.S. Attorney’s Office, Yakubov agreed to purchase stolen luxury watches valued at hundreds of thousands of dollars. Some of the watches were stolen from jewelers in Yakubov’s community, and some in violent armed robberies. 
 
“Yakubov’s actions fueled a year-long robbery spree that targeted nearly a dozen victims, and his conviction sends a message to the community that the purchase and laundering of stolen property will be vigorously investigated and prosecuted,” said U.S. Attorney Damian Williams.
 
There are 10 robberies and attempted robberies to which Yakubov is linked. 
 
The robberies took place in 2019 and 2020, according to evidence presented at trial and the trial’s superseding indictment.
 
On Oct. 3, 2019, a Long Island City, New York, jeweler was robbed of a Richard Mille watch worth more than $150,000. 

On Oct. 25, 2019, a Jamaica, New York, jeweler was robbed of a Rolex worth more than $118,000. 

On Dec. 10, 2019, a Brooklyn, New York, jeweler was robbed of a Patek Philippe worth more than $160,000, as well as a diamond necklace valued at over $77,000. 
 
 Related stories will be right here … 
 
On Jan. 14, 2020, a Rego Park, New York, jeweler was robbed of a Richard Mille watch worth more than $500,000. 

On Feb. 16, 2020, a Jamaica Estates, New York, jeweler was robbed of an Audemars Piguet watch worth over $28,000. On. Feb. 20, 2020, an individual in Long Island City was robbed of a watch valued at over $125,00. 
 
Things cooled off during the earliest pandemic lockdowns, when jewelry stores were closed, but resumed in June 2020.
 
On June 11, 2020, a Hoboken, New Jersey, jeweler was robbed of a Richard Mille timepiece valued at more than $81,000. On July 6, 2020, another jeweler in Hoboken was robbed of a Richard Mille watch worth more than $180,000. 
 
On July 20, 2020, there was an attempted robbery of a Richard Mille watch worth more than $180,000 from a jeweler in Queens. 
 
Finally, on Aug. 2, 2020 a food critic and social media influencer was robbed of a Richard Mille watch worth more than $250,000 in Englewood Cliffs, New Jersey.
 
In all of these successful robberies, additional items were stolen, the U.S. Attorney’s Office said.  
 
As for the robbers themselves, one of the men, Victor Rivera, pleaded guilty to participating in a conspiracy to commit Hobbs Act robbery between October 2019 and November 2020. Rivera used guns to commit several of the robberies and in one, shot a victim who survived. 

He was sentenced to more than 19 years in prison

The U.S. Attorney’s Office of the Southern District of New York is asking anyone with knowledge of the whereabouts of the stolen watches to contact them at 1-866-874-8900. 
 
In addition to Yakubov’s money laundering conviction, he was also convicted of two counts of making false statements to federal law enforcement agents. 
 
The former carries a maximum 20-year sentence and the latter a five-year maximum sentence each. 
 
Ashley Davisis the senior editor, fashion at National Jeweler, covering all things related to design, style and trends.
tags:

The Latest

The Blink of an Eye pendant
CollectionsMay 31, 2024
Piece of the Week: Francesca Villa’s ‘The Blink of an Eye’ Pendant

Couture attendees should stop by booth 410 to see Francesca Villa’s rendition of antique “lover’s eye” jewelry.

Famous Welcome to Las Vegas sign
Events & AwardsMay 31, 2024
To Do in Las Vegas: What’s New in 2024

National Jeweler rounded up five ways to spend the evening or treat your team.

Georgia May Jagger Movado campaign
FinancialsMay 31, 2024
Movado’s Q1 Sales Fall 6%

The company attributed the decline to a “challenging” retail environment.

Untitled design.jpg
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price Stability

As the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.

JCK Las Vegas show floor
Events & AwardsMay 30, 2024
14 Can’t-Miss JCK Talks Education Sessions

From social media strategy to colored gemstone updates, these are a few of the sessions JCK Las Vegas goers should attend.

Weekly QuizMay 31, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
The 2024 National Jeweler Retailer Hall of Fame inductees
IndependentsMay 30, 2024
These Are the 2024 Retailer Hall of Fame Inductees

This year’s honorees include two multi-store independents and the CEO of the world’s largest diamond jewelry retailer.

Thriving for Sustainability jewelry piece
Supplier BulletinMay 30, 2024
Is Your Jewelry Producer Committed to Sustainability and Ethicality?

Sponsored by Hari Krishna Exports Pvt. Ltd.

1872 x 1052 Gemolite.jpg
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

GIA®’s most advanced microscope has new features to optimize greater precision and comfort.

Five rings from the Design Atelier
CollectionsMay 29, 2024
Who’s New in Couture’s Design Atelier

A springboard for more nascent jewelry designers and brands, the Design Atelier features 21 new faces this year.

Pavé Drop Bow earrings and Facette Snake diamond ring
TrendsMay 29, 2024
Bows, Snakes, and Tennis Bracelets: A Guide to What May Be Trending in Vegas

A recent jewelry trends report sheds light on what likely will be hot when the industry descends on the desert.

Couture Show logo
Events & AwardsMay 29, 2024
Couture Announces Education Sessions

The programming topics include gemology, sustainability, artificial intelligence, and more.

Shiona Turini
Events & AwardsMay 29, 2024
Diamonds Do Good to Honor Beyoncé’s Stylist in Las Vegas

Shiona Turini will receive the “Diamond Influence Award.”

National Jeweler columnist Emmanuel Raheb
ColumnistsMay 28, 2024
The Smart Lab: How to Effectively Navigate Jewelry Brand Requests

Emmanuel Raheb outlines six ways retailers can make brand relationships smoother and more beneficial for both parties.

Black In Jewelry Coalition Collective
Events & AwardsMay 28, 2024
BIJC Collective Returns to Las Vegas

The Black in Jewelry Coalition will showcase four designers at JCK Las Vegas and JCK Luxury.

Natural Diamond Council club JCK Las Vegas
Events & AwardsMay 28, 2024
Natural Diamond Council To Host Club in Vegas

Appointments can be made ahead of time for access to exclusive events.

De Beers CEO Al Cook and Signet Jewelers CEO Gina Drosos
SourcingMay 24, 2024
Signet, De Beers Have a Plan to Promote Natural Diamonds

The two industry giants are working together on a new marketing campaign.

Stock image of a diamond engagement ring
SourcingMay 24, 2024
De Beers’ Sales Slide in Fourth Round of Sales This Year

The company sold $380 million in rough diamonds, compared with $479 million in the same period last year.

Tiffany Venetian glass bead ear clips
TrendsMay 23, 2024
State of Jewelry Design: 3 Themes That Will Shape the Next 5 Years

Color, storytelling, and the use of nonconventional materials are the signatures of today’s most innovative and influential designers.

Van Cleef & Arpels tie necklace
AuctionsMay 23, 2024
Sotheby’s to Offer Rare VCA Necklace, ‘Lavender Dream’ Diamond

A tie necklace from Van Cleef & Arpels and a pinkish purple diamond are highlights of the upcoming New York jewelry auction.

Inoveo Platinum
MajorsMay 23, 2024
PGI to Debut New Platinum Alloy in Las Vegas

Inoveo Platinum will be distributed exclusively by Stuller in the U.S.

Alan Hart Headshot
MajorsMay 23, 2024
Gem-A CEO Alan Hart Resigns

He is stepping down in August after eight years as CEO.

Rose cut arch cabochons Columbia Gem House
SourcingMay 22, 2024
State of Colored Stones: Why the Market Is More Colorful Than Ever

As prices of “The Big Three” skyrocket, supply dwindles, and focus on sustainability grows, an age of open-mindedness is dawning.

The Eden Rose, a 10.20-carat fancy intense pink diamond
AuctionsMay 22, 2024
Christie’s Website Back Online, Announces Plans to Auction 10-Carat Pink Diamond

The fancy intense pink “The Eden Rose” is estimated to sell for up to $12 million at the New York “Magnificent Jewels” sale next month.

Pandora Essence jewelry
CollectionsMay 22, 2024
Pandora’s New Jewelry Collection Reimagines the Essentials

The “Pandora Essence” collection brings a contemporary and sculptural feel to staples like gold hoops and pearl necklaces.

Instore show 2024
Events & AwardsMay 22, 2024
InStore ‘Cram Day’ To Focus on Lab-Grown Diamond Education

The limited-seating learning event precedes its second annual trade show, which starts Aug. 11.

Swarovski New York City flagship
IndependentsMay 21, 2024
State of Retail: 4 Retail Design Trends for 2024

From lighter color palettes to the integration of AR, experts offer inspiration for jewelers in need of an aesthetic refresh.

Dame Shirley Bassey’s
AuctionsMay 21, 2024
Dame Shirley Bassey’s Diamonds Are Ready for Their Encore

Sotheby’s will auction jewelry belonging to the “Diamonds Are Forever” singer in Paris this October.

×

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