FBI says it busted diamond theft ring, includes Tenn. thefts

PORTLAND, Ore. (AP) -- Federal prosecutors in Portland, Ore., say they've cracked a multi-state diamond theft ring that made off with more than $1.4 million in gems from various jewelers.

Five people indicted in Portland are charged with interstate transportation of stolen property and conspiracy.

Two of the five Michael Young, 39, of Davenport, Florida, and Ernest Remor, 36, of Spring Hill, Florida, appeared Wednesday before a federal magistrate and were ordered detained as flight risks pending trial set for Sept. 27. The Oregonian says they both pleaded not guilty.

The FBI says a man would walk into a jewelry store and pretend to shop for a diamond ring. After asking to see large gems, the phony customer would grab them and race to a getaway car.

The indictment describes seven thefts from stores in Oregon, California, Tennessee and Nevada. It says the gems were transported to Pennsylvania for sale.


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