Stamford Cops Arrest Man in Fake Gold Chain Scam

STAMFORD, Conn. (AP) -- Stamford police say they have traveled to Maine to arrest a 40-year-old man who sold counterfeit gold chains to jewelers in Connecticut, New York and Maine.

Forty-year-old Arthur Katanov was taken into custody this week in Wiscasset, Maine, on larceny and conspiracy charges after allegedly selling heavily gold-plated chains designed to deceive acid tests.

Police say that duped jewelers soon discovered they were sold fakes upon further testing. Among other things, police say that in February Katanov sold a chain for $1,100 in Stamford.

According to the Judicial Department Web site, Katanov is being held on $500,000 bond and is due back in court on July 16.

TM & Copyright 2009 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO & EYE Logo TM & Copyright 2009 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. TheAssociated Press contributed to this report.

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