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50 Diamond Dealers May Get the Cash from the Corporation

2007: 50 Diamond Dealers Were Highly Depressed By This Fraud

Summer 2007

The principals of the A. Taub Diamond Corp. are being sued for allegedly acquiring $3,358,409 in diamonds from 50 dealers that were never returned, reports say, in what the lawsuit is teaming an instance of "fraud."

The lawsuit asks for a judgment of the cash value of the diamonds plus punitive damages "in an amount that would send a message that the defendant’s conduct was unacceptable and morally reprehensible."

According to reports, the principals of the corporation have "disappeared" and cannot be located. 


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