New York Jeweler Faces 20 Years in Jail For Laundering Gang Money

20/10/2015 08:16

New York jeweler Slavik Hayimov has pleaded guilty to laundering the proceeds of a nationwide jewelry theft ring and faces 20 years in prison when he appears in court for sentencing on February 26. Hayimov was arrested after the 2012 bust of a South American gang, which robbed at least 15 jewelry salespeople in seven states in a three-year spree that reportedly fetched around $5 million in goods. Hayimov was charged with buying goods for cash on at least 15 occasions at far less than market value knowing they were stolen.