Crime Watch

TWO PLEAD GUILTY, ONE CONVICTED IN FRAUD CASE A U.S. District Court jury in Maryland has found Timothy C. Starinieri guilty of conspiracy and bank fraud in a case involving loose diamond inventories. Starinieri is the former chief financial officer at the now-defunct retailer Gouterman & Sheffey Inc. in McLean, Va. His accomplices in the scheme both pleaded guilty to related charges. Starinieri, store President Steven M. Gouterman and New York City diamond supplier Jack Spitzer were accused of shifting diamonds between New York City and the company's four retail stores in the Washington D.C.-area to inflate the value of the company's inventory to serve as collateral for bank loans. Earlier, Gouterman pleaded guilty to bank fraud and conspiracy charges; Spitzer pleaded guilty to a charge of aiding and abetting the commission of a bank fraud. According to court documents, Stari
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