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Detroit jewelry buyer pleads guility to wire fraud

Jewelry buyer admits to wire fruad
Michigan couple buries $1 million worth of jewelry
Posted at 9:19 AM, Sep 15, 2020
and last updated 2020-09-15 10:13:14-04

LANSING, Mich. — A suburban Detroit jewelry buyer has pled guilty to wire fraud, in a multi-million-dollar diamond buying scheme.

Joseph DuMouchelle entered that plea Monday in federal court.

Police said, back in 2018, that he told a client they could buy a diamond for 12 million dollars as an investment and later sell it for more.

The client was given a wire transfer to DuMouchelle’s account, and the funds were quickly withdrawn.

No word yet on when he will be sentenced.