NAYZE MEDIA
PHILADELPHIA, P.A. (CENTER CITY)
Cover Photo Courtesy: gloucestercitynews.net
Federal Authorities said Wasim Shazad (No age given), of Norristown, P.A. pleaded guilty to charges of money laundering and failure to file a record of transaction. A report from 6 ABC ACTION NEWS, said Shazad is the owner of V Jewelers on 8th & Sansom Streets, in Center City’s “Jeweler’s row” area.
Shazad is accused of selling several pieces of jewelry to an undercover IRS agent who paid for the items in cash. The Feds said Shazad never reported those payments to the government.
V. Jewelers was raided by the F.B.I back in 2017. Shazad was originally charged with fencing jewelry that had been stolen from “high-end” homes in Montgomery County, Chester County, and Delaware County. Shazad is facing up to 5-years in prison when he is sentenced. Court documents say his fines and restitution could be up to $250,000, which will be owed to the IRS, also known as “Uncle Sam.”
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