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# Jeweler in Beverly Hills convicted of embezzlement
- URL: https://www.smdp.com/jeweler-in-beverly-hills-convicted-of-embezzlement/
- Published: 2002-07-11T15:00:00.000Z
- Updated: 2026-10-23T00:29:18.000Z
- Author: Guest Author
- Tags: Crime, Santa Monica, #archive-import

*By Daily Press staff*

A 55-year-old Beverly Hills diamond dealer has been convicted of embezzling more than $1.6 million in jewelry from three New York diamond dealers, the Los Angeles District Attorney’s Office announced Wednesday.

After deliberating two days, an eight-woman, four-man Superior Court jury on Tuesday found Richard Maslan guilty of eight counts of grand theft by embezzlement, said Deputy District Attorney Allan Fork, who prosecuted the case. The trial lasted two weeks.

Fork said Maslan was given high-end jewelry to sell on consignment in his Beverly Hills store on Wilshire Boulevard. But when Maslan’s business ran into financial difficulty, the dealer began pawning the items. Maslan was convicted of stealing several items, including a 10-carot loose diamond valued at $470,000, a diamond necklace valued at $510,000 and a pear-shaped diamond ring valued at $174,000\. Maslan has been in the jewelry business for 25 years, but had operated his store Maslan & Co. in Beverly Hills since 1992, Fork said. Maslan was charged with thefts occur-ring between September 1997 and September 1999\. The case was filed on March 14, 2001, after an extensive police investigation, Fork said.

Maslan faces up to 10 years in state prison, Fork said. Sentencing is scheduled for Sept. 12.

*Originally published in the Santa Monica Daily Press print edition on July 11, 2002.* [Read the original PDF.](https://s3.us-east-1.amazonaws.com/smdp%5Fbackissues/071102.pdf?ref=smdp.com)