Las Vegas jewelry store owner sentenced for selling stolen goods
Las Vegas, NV (KTNV) -- A Las Vegas jewelry store owner was sentenced on Thursday for purchasing and selling luxury jewelry that he knew was stolen.
39-year-old Nabil Sakkab was sentenced to two years in prison, three years of supervised release and ordered to pay $196,000 in restitution.
Sakkab pleaded guilty in July to two counts of receipt and sale of stolen goods.
"This case was prosecuted as part of a federal and local enforcement effort to combat organized retail theft," said U.S. Attorney Daniel Bogden.
According to court records, Sakkab was a partial owner of Red Rock Jewelers in Las Vegas.
From Sept. 2011 to Feb. 2012, Sakkab acted as a fence for stolen property by purchasing and selling luxury jewelry stolen by co-conspirator Jeffrey Cochran, who also pleaded guilty to stolen goods charges and is scheduled to be sentenced on Nov. 25.
Most of the stolen items sold by Sakkab were high priced Rolex watches which had been stolen in other states and transported to Las Vegas.
Sakkab resold the stolen jewelry at Red Rock Jewelers, and also sold it privately to third parties for personal gain.