PHILADELPHIA – United States Lawyer Jacqueline C. Romero introduced that Dimitre Hadjiev, 41, of Higher Darby, PA, was convicted at trial of prices together with trafficking in counterfeit items and monetary fraud offenses associated to his sale of counterfeit luxurious wristwatches.
In September 2019, the defendant was charged by Indictment with a lot of prices stemming from his scheme to promote counterfeit Rolex watches and watches with counterfeit Rolex components. Proof offered at trial confirmed that, since at the very least 2014, Hadjiev operated a jewellery retailer on the 300 block of South Road in Philadelphia, out of which he offered and customised watches and different jewellery. An investigation by the IRS and FBI revealed that Hadjiev was knowingly shopping for and promoting counterfeit Rolex watches and customizing Rolex watches with counterfeit Rolex components. Additionally, a overview of the defendant’s financial institution data confirmed that he structured deposits from his retailer gross sales to keep away from activating his banks’ reporting necessities and didn’t make required studies for money gross sales of greater than $10,000. In complete, amount of cash concerned within the defendant’s unlawful scheme is greater than $750,000.
“The defendant trafficked in counterfeit merchandise and structured his deposits to hide the money flowing into his jewellery enterprise,” stated U.S. Lawyer Romero. “This Workplace and its legislation enforcement companions are dedicated to defending shoppers from unknowingly buying phony merchandise, and to holding defendants accountable for his or her greed.”
“Dimitre Hadjiev’s retailer wasn’t a legit enterprise – it was a entrance for fraud,” stated Jacqueline Maguire, Particular Agent in Cost of the FBI’s Philadelphia Division. “The FBI and our companions are working arduous to crack down on crooked companies of all stripes, whether or not they’re dishonest the general public, the federal government, or, as on this case, each.”
“A jury of Mr. Hadjiev’s friends confirmed what the federal government first alleged throughout the indictment: that Mr. Hadjiev trafficked counterfeit items, laundered the proceeds, and structured deposits in an effort to keep away from foreign money reporting necessities,” stated Yury Kruty, Particular Agent in Cost of IRS-Prison Investigation. “The Particular Brokers of IRS-CI and our legislation enforcement companions will proceed to research and convey to justice criminals like Mr. Hadjiev who partake in schemes like this out of greed.”
The case was investigated by Federal Bureau of Investigation and the Inner Income Service Prison Investigations, and is being prosecuted by Assistant United States Lawyer KT Newton.
