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Correction, Feb 25: An earlier version of this story referenced a Daily News report that the jewelry store owners had an insurance policy with Lloyd's of London. Since then, Lloyd's of London has told AOL News that it has no record of an insurance policy under Dialite Imports or either of the owner's names.
NEW YORK (Feb. 24) -- On New Year's Eve 2008, a bizarre jewelry heist played out in Manhattan's Diamond District.
Two men dressed as Hasidic Jews used fake IDs to get into a building and then robbed a jewelry store inside, tying up the owners with duct tape on their way out. The robbery itself was a scene stolen from the 2001 movie "Snatch," in which a group of diamond thieves dress as Hasidic Jews to rob a store.
But New York police added a new twist to the story Tuesday when they announced the entire robbery was faked.
The owners of Dialite Imports, Atul Shah, 48, and Mahaveer Kankariya, 43, have just been charged with setting up the heist to cash in on an insurance claim.
Police said they became suspicious when they learned the men had taken out a new insurance policy just before the robbery, according to CNN. A closer look at a security video showed the owners cleaning out their safe before the robbery occurred, law enforcement officials told the New York Post.
The men claimed the robbers had stolen $4 million worth of jewels, the Daily News reports. They had $1 million of debt at the time and were six months behind on their rent, according to CNN.
Shah and Kankariya have been charged with grand larceny, insurance fraud and falsifying business documents. They were indicted Tuesday and are each being held on $750,000 bail.
Hasidic Heist in Diamond District Takes Bizarre Twist
Feb 24, 2010 – 11:47 AM
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