The owner of a Topeka, Kan., jewelry store was indicted Thursday on charges of knowingly buying stolen jewelry and selling it as scrap gold.
John O. Dasher, owner of the Diamond House, was charged with one count of interstate transportation of stolen property and 32 counts of money laundering.
The indictment, which came from the office of U.S. Attorney Barry Grissom, alleged that Dasher knowingly purchased stolen jewelry and then melted it and sold it as scrap gold to wholesalers, including Pop Gems International, Gold Empire, and Coinex Inc., from November 2008 to April 2013. Dasher received more than $430,500 from the scrap gold. Dasher was charged with interstate transportation of stolen property because he sent the gold via the U.S. Postal Service.
If convicted he faces a maximum sentence of 10 years in federal prison and a $250,000 fine on the charge of interstate transportation of stolen goods. The money laundering counts each come with a maximum penalty of 20 years and fines of up to $500,000.
Dasher was arrested in June 2013 and released on $20,000 bail. His trial date has not been set.