A business owner on Philadelphia’s historic Jewelers Row has been charged with fencing jewelry and other items stolen from luxury homes in the suburbs.
Authorities say a burglary ring pilfered more than $1.5 million worth of expensive watches, jewelry, money and high-end purses in 15 thefts between August 2015 and July 2016.
Authorities say Wasim Shazad of East Norriton then used his storefronts on Jewelers Row, the nation’s oldest diamond district, to buy and sell the stolen goods.
Shazad was arraigned Friday on charges that include belonging to a corrupt organization and receiving stolen property. He was jailed on $250,000 bail. Online court records do not list an attorney who can comment on his behalf.
The four alleged burglars were charged in July.