A 49-year-old precious metal broker siphoned away $1 million from clients and has been convicted of tax crimes, federal prosecutors announced Thursday.
Saleem Hakim, formerly of Smyrna, faces a year in prison for each of his three charges of failing to file federal income tax returns from 2011 to 2013.
As a precious metal broker, Hakim converted a portion of the his clients’ funds to precious metals and kept the remainder for himself.
An exhibit list from trial shows records from Gucci, Louis Vuitton, watch retailer Tourneau and businesses that sell furs.
Prosecutors said he also is subject to a period of supervised released and monetary penalties.
He is set to be sentenced Feb. 26, court records show.
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