A Las Vegas jewelry store owner faces up to 10 years in prison after pleading guilty to federal charges of receiving and selling stolen goods.
According to the office of U.S. Attorney Daniel G. Bogden, 39-year-old Nabil Sakkab pleaded guilty to two counts of receipt and sale of stolen goods. Bogden's office said the scheme resulted in about $196,500 in lost items.
Citing the plea agreement, Bogden's office said Sakkab knowingly purchased stolen jewelry from someone at a store he used to own from September 2011 to February 2012.
The items were stolen and transported to Las Vegas before Sakkab bought them, Bogden's office said. Sakkab, according to the plea agreement, would resell the jewelry at his store and to private third parties for personal gain.
Sakkab also faces a $250,000 fine on each count.
Sentencing for Sakkab is slated for Oct. 28.
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