An owner of Downtown store Kashi Jewelers faces a charge of failing to report a receipt of more than $10,000.
In March 2012, Alan Kashi, 32, of Squirrel Hill, sold a Breitling watch for around $12,500, and did not make the required report with the IRS for receipt of more than $10,000, according to the one-page criminal information filed in the case in U.S. District Court late Wednesday. A guilty plea hearing was promptly scheduled for Jan. 14.
“We’ve been working on putting this episode behind us, and we’re hoping to get it over with as quickly and painlessly as possible,” said his attorney, Stanton Levenson.
U.S. District Judge Arthur J. Schwab on Thursday approved the forfeiture to the federal government of the $933,075 seized from Kashi Jewelers during the investigation.
The forfeiture complaint cited an IRS Criminal Investigation unit allegation that “the owners and/or employees of Kashi Jewelers conducted financial transactions involving the proceeds of drug trafficking.”
The complaint said that an agent posing as a drug trafficker made two five-figure jewelry buys from the shop in 2012, telling store staff “that the cash was the proceeds of cocaine distribution.”