PHOENIX -- The man behind a multi-state jewelry scheme will be spending the next six years behind bars.
Edward Brueggemeyer has also been ordered to complete a term of probation and restitution following his prison sentence.
Brueggemeyer and seven other people took part in several fraudulent jewelry transactions across Maricopa County starting in October 2009.
The group purchased large quantities of stainless steel bracelets and necklaces, stamped them with 14k, 18k, and .750 identifiers, and then sold them to pawn shops or licensed gold dealers as scrap gold.
It’s estimated that the group made $150,000 in Arizona alone. They are believed to have made as much as $500,000 across states like Texas, Louisiana and Arkansas.
Brueggemeyer was arrested this past spring in Grand Prairie, Texas and extradited back to Arizona.
On August 23, Brueggemeyer pleaded guilty to 15 counts of fraudulent schemes.