How do you fence stolen gems worth millions? Inside the jewelry black market

  • 📰 latimes
  • ⏱ Reading Time:
  • 83 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 82%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

London or Antwerp? New York or Los Angeles? The merchandise stolen in the multimillion-dollar Brink’s heist could be in any number of locales. DanielNMiller and LAcrimes report on what might have happened to the stolen goods.

A 298-mile drive in 2 hours and 4 minutes? The chronology described in a legal filing and law enforcement documents has added to the mystery surrounding the multimillion-dollar jewelry heist from a Brink’s truck.

The Flying J Travel Center, just west of the 5 Freeway in Lebec, was the site of a Brink’s big rig jewelry heist in July. Once jewelry has been broken down into its component parts, gold, platinum and silver can be melted and reconstituted as untraceable bars. Diamonds and other precious stones can be polished and re-cut to remove tiny inscriptions and other marks that tie them to registries kept by gemological laboratories.

are the industry standard. Stones authenticated by the GIA receive 10-digit numerical inscriptions that cannot be seen with the naked eye. Morisseau said the organization’s reports on diamonds are so detailed — the GIA tracks many measurements and characteristics, including the size, nature and placement of so-called inclusions — that it can identify a stone whose inscription has been removed and even its dimensions modified.“If you had a three-carat diamond and cut it down to a one-carat diamond, that would possibly evade our flagging — but you’d have a diamond that weighed far less,” Morisseau said.

An evidence photograph provided by the FBI shows a sampling of jewelry taken in the Flying J heist in July.“You are taking a big chance taking $100 million of stuff in suitcases,” he said. “Do they put it on a private plane? Customs does check those. Where do you take that kind of load? It’s a mega load.”

Still, there are some unscrupulous watch dealers willing to take on timepieces they know to be stolen, Lawton said. “I know enough jewelers that would take those Rolexes so quickly your head would spin,” he said. “Listen, I used to rob them all the time; I used to get a flat $2,000.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's What Ethereum Whales Purchase Massively To Protect From Bear Market$260 million worth of $SHIB & $PAXG settles on top of Ethereum whales' wallets cryptocurrency shibainu shibarmy shibarium shibburn shibaeternity shib paxg gold eth $eth Join the PetaGoRound and win yourself $USDT, NFT Blindbox or Whitelist 🔥 And speaking of $ETH - did you know that it can be bought on KuCoin with zero fees today until the 2nd day of november
Source: Utoday_en - 🏆 295. / 63 Read more »

Hacker returns $7.8 million stolen from Moola MarketThe Moola Market hacker has returned most of the stolen funds following an exploit that took place on Tuesday. I don't uundertand why news is silent abouut this Thanks, that's a great insight! I think they call that a 'white-hat exploiter'
Source: TheBlock__ - 🏆 464. / 53 Read more »