Diamond Fences Jailed in US, Ordered to Pay $7m

By John Jeffay / September 26, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Five men who bought diamonds stolen in a series of violent robberies across the USA have been jailed, and ordered to pay over $7m in restitution. They fenced the gems and laundered money for a notorious organized gang known as the South American Theft and Robbery Group (SATG).Its members preyed on traveling jewelry salesman. They held one at gunpoint before beating him to death in Irving, Texas.The five men involved in fencing the jewels were sentenced to a combined total of 190 months in federal prison following an FBI investigation, said Prerak Shah, Acting US Attorney for the Northern District of Texas.A total of 20 SATG robbers who targeted traveling diamond and jewelry salesmen throughout the United States have been convicted and sentenced. 

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok