10 held for duping people in US, India of $9 mn
Since in or about 2015, the FBI has been investigating a series of predatory frauds perpetrated by a group of diamond merchants in the city. This group swindles diamond wholesalers in a variety of ways.
6 April 2017 5:20 PM GMT
Ten people have been arrested and two others charged for allegedly duping persons in New York, Las Vegas and Mumbai to the tune of over USD 9 million through fraudulent diamond trade.
Godel Sezanayev, Mark Mullakandov, Albert Foozailov, Imanil Muratov, Manashe Sezanayev, Nathan Itzchaki, Arkadiy Israilov, Ali Javidnezhad, Mark Natanzon, Sholom Muratov, Menachem Abramov and Nizamuden Akbari were arrested for defrauding diamond traders of more than USD 9 million, acting US attorney for the Southern District of New York Joon Kim said.
Two others named Javidnezhad and Akbari are absconding and have been charged, he said. "Centered in Manhattan's diamond district, America's busiest hub in the diamond trade, the defendants allegedly took advantage of an industrywide system of credit and trust to obtain largely untraceable diamonds, and then, using various allegedly illegal schemes, refused to pay," Kim said. Since in or about 2015, the FBI has been investigating a series of predatory frauds perpetrated by a group of diamond merchants in the city. This group swindles diamond wholesalers in a variety of ways.
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