Investigations, Arrests Rock 47th Street

The U.S. attorney's office recently sent out subpoenas to more than 30 New York wholesale diamond companies requesting that they submit to the grand jury their corporate records, tax returns, and financial statements for the period between Jan. 1, 1998, and Dec. 31, 2001. Many of those subpoenaed told JCK on condition of anonymity that they felt the U.S. attorney's office was looking for information on Jacob Haas, a former Diamond Dealers Club board member who was charged in March with bank fraud and conspiracy to commit bank fraud. Three companies connected to Haas were among those subpoenaed. However, at least one press account speculated that the subpoenas were part of a larger investigation. Marc A. Weinstein, the assistant U.S. attorney whose name appears on the subpoenas, told JCK he cannot comment on ongoing investigations. Haas's lawyer could not be reached for comment. T
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