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: Jacqueline Avant, Wife Of Music Executive Clarence Avant, Found Shot To Death In Beverly Hills Home Invasion
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: FBI Raids Northridge Residence For Fraud Case
The diamond will be turned over to the insurer. Bitton will have to pay $99,000 in restitution.MORE NEWS: 'Survivor 41' Episode 11 Recap: Do Or Die
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