The owner of a Los Angeles-based gem wholesale company has been charged with
fraud after falsely claiming the loss of a 4.21 ct. diamond valued at more than
$99,000, according to a local
news report.
According to the report, jeweler Lior Bitton, owner of Pacific Diamonds
& Gems Inc., claimed the loss of more than $256,000 worth of diamonds after
one of his jewel couriers was robbed. A police investigation uncovered that the
$99,000 diamond was in Israel
at the time of the crime. The investigation also determined the robbery was not
staged.
For more coverage, click here.
- Subscribe to the JCK News Daily
- Subscribe to the JCK Special Report
- Follow JCK on Instagram: @jckmagazine
- Follow JCK on X: @jckmagazine
- Follow JCK on Facebook: @jckmagazine
