Cobb broker who allegedly stole $1M from clients guilty of tax crime

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.

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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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