A manufacturing supervisor for a luxury jewelry company has been sentenced for stealing millions of dollars worth of precious metals from his employer.
Benjamin Preacher, 54, of North Attleboro, Massachusetts, was sentenced to 59 days in prison, to be followed by two years of supervised release, including 10 months of home confinement and 200 hours of community service. Preacher was also ordered to forfeit $1,267,093.
Preacher pleaded guilty in June 2024 to one count of interstate transportation of stolen goods and one count of engaging in unlawful monetary transactions.
According to court documents, Preacher used his position overseeing the production and security of high-end jewelry to steal scrap precious metals from the company’s facility in Rhode Island from 2018 until early 2024.
Preacher then drove the stolen metals into Massachusetts and sold them to various businesses in Massachusetts.
The government recommended a sentence of 30 months in prison.
U.S. Attorney Joshua S. Levy and Jonathan Wlodyka, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office made the announcement today. Assistant U.S. Attorney Kriss Basil, Deputy Chief of the Securities, Financial & Cyber Fraud Unit, prosecuted the case.
This case is a reminder that those who abuse their position of trust to commit crimes will be held accountable.
The court documents do not specify which company Preacher worked for, but it is known to sell luxury items, including jewelry made from gold, silver, and platinum.
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Key Facts
- State: Massachusetts
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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