the Region - News from Oct. 3, 1986

Co-operators of a Beverly Hills “boiler room” scam that bilked gem owners out of more than $450,000 in valuables were sentenced to six years in prison. U.S. District Judge Pamela Ann Rymer also sentenced Steve Angelica, 35, and Stephan Small, 27, to five years’ probation and ordered them to make restitution. The two were convicted of mail and wire fraud in the operation of Kimberly International Gem Corp. A prosecutor said salesmen for the company made outlandish misrepresentations, promising gem owners handsome returns from the sale of their property.