Jeweler accused of $5M fraud scheme, using fake invoices

<p>A Connecticut jeweler has been charged in Rhode Island in what federal authorities say is a $5 million fraud scheme using his store.</p>

News 12 Staff

Jul 21, 2017, 11:05 AM

Updated 2,492 days ago

Share:

Jeweler accused of $5M fraud scheme, using fake invoices
(AP) - A Connecticut jeweler has been charged in Rhode Island in what federal authorities say is a $5 million fraud scheme using his store.
The U.S. attorney's office says Groton, Connecticut, resident Gerald Kent was ordered detained on Thursday on charges of wire fraud and aggravated identity theft. Kent owns Kent Jewelry in Johnston, Rhode Island, which sells jewelry online using flash sale websites such as Groupon and Zulily.
Prosecutors say Kent struck a deal with a firm that buys unpaid invoices at a discount in return for cash. But they say Kent sold the company fraudulent invoices, netting himself $3.6 million.
Kent's lawyer won't comment on the charges.
Kent is scheduled to appear back in federal court for a detention hearing on July 26.


More from News 12