New York City Jeweler Suspected of Fraud Proclaimed Innocent

Last October, a Manhattan jeweler Ashot Logiyan was suspected of stealing diamond jewelry worth about 1 million dollars. Today it became known that all charges were dropped from Logiyan: the case was dismissed, and all legal records, including those about the arrest, were canceled.

Photo: facebook.com/ashot.logian

Ashot Logiyan is the CEO of Jado Jewelers in New York City, serving jewelry brands across the country. He was accused of stealing a 10,6-carat white diamond and a 4,2-carat oval yellow diamond, both set in a platinum ring. The case of suspected theft had a negative impact on his reputation as a businessman and jeweler.

According to the documents of the New York State Supreme Court and statement The law firm Fox Rothschild, representing Logiyan, prosecutors dropped all charges, confirming that the jeweler has nothing to do with the theft of two diamond rings worth about 1 million dollars.

Photo: official court documents

Lawyers defending Logiyan were able to provide the Manhattan County Attorney's Office with compelling evidence that the jeweler could not steal the jewelry.

“We are very happy for Ashot and his family,” said one of the human rights activists, Leonard Budow. “This is absolutely the correct result and really the only possible result for anyone who knows all the facts.”

“The real lesson to be learned from this case,” added lawyer Ernest Badway, “is that sometimes talking to authorities is the best and smartest option. Once prosecutors learned some hard facts from our client, they realized they no longer had a case against Mr. Logian.”

Budow noted that the Manhattan District Attorney’s decision to reject the indictment "is a testament to the honesty and commitment of this justice department."

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