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NYC Diamond Dealer Admits Fraud, Faces $200K Restitution

3/5/2025

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Summary

Story summary

Manashe Sezanayev, a New York City diamond dealer, has admitted to grand larceny after deceitfully replacing natural diamonds with lab-grown ones. Facing five years of probation and a hefty $200,000 restitution, this is his second fraud conviction, following a previous $9 million scheme. Sentencing is scheduled for May 5, sealing his fate in the diamond world.

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Story summary

Manashe Sezanayev, a New York City diamond dealer, has admitted to grand larceny after deceitfully replacing natural diamonds with lab-grown ones. Facing five years of probation and a hefty $200,000 restitution, this is his second fraud conviction, following a previous $9 million scheme. Sentencing is scheduled for May 5, sealing his fate in the diamond world.