Jewelry store owner pleads guilty to buying, selling goods
Las Vegas, NV (KTNV) -- A Las Vegas jewelry store owner pleaded guilty on Monday to receiving and selling stolen goods totaling about $196,000.
Nabil Sakkab, 39, of Las Vegas pleaded guilty on two counts of receipt and sale of stolen goods, and is scheduled to be sentenced on Oct. 28.
Sakkab faces up to 10 years in prison and a $250,000 fine on each count.
From about Sept. 20, 2011 to Feb. 3, 2012, Sakkab knowingly purchased stolen jewelry from an individual at a Las Vegas jewelry store Sakkab previously co-owned.
The goods included Rolex and Tag Heuer watches stolen in other states and transported to Las Vegas prior to Sakkab's purchase.
Sakkab resold the jewelry at the store and privately to third parties for personal gain.