As Empire Crumbled, Frankel Turned $10 Million Into Diamonds

7/8/1999 The New York Times As Empire Crumbled, Frankel Turned $10 Million Into Diamonds “There’s a lot of interplay between diamond dealers and law enforcement,” said Bob Lindquist, a partner at PricewaterhouseCoopers in Washington, who specializes in unraveling fraud cases. He said he expected that Mr. Frankel would have to turn to organized crime to sell the diamonds at a steep discount. “Cash is a much better alternative,” Mr. Lindquist said. “But lugging around that much cash is a problem.” Read Article Read More...