WESTMINTER (AP) — A Los Angeles jewelry store owner falsely reported a nearly $100,000 diamond theft and then collected the insurance money.
Lior Bitton pleaded guilty Friday to insurance fraud and was sentenced to five days in jail, 90 days of home confinement and probation. Last year, 0ne of Bitton’s Orange County employees was robbed of 20 diamonds. Prosecutors say Bitton filed an insurance claim that listed a 4.2-carat diamond as one of the stolen gems.READ MORE: SoFi Stadium Looking To Fill More Than 3,000 Part-Time Positions With Job Fairs Being Held This Month
After receiving the payout, Bitton tried to sell the diamond to a wholesaler in Israel. The wholesaler submitted the diamond for certification and learned it had been reported two months earlier.READ MORE: Feds: Mustafa Qadiri Of Irvine Used $5 Million In Fraudulent PPP Loans To Buy Ferrari, Bentley, And Lamborghini
The diamond will be turned over to the insurer. Bitton will have to pay $99,000 in restitution.MORE NEWS: 2 More Drivers Report Windows Being Shattered On SoCal Freeways
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