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Thief buys $700,000 worth of jewelry using monopoly money

By Mason White 4:23 PM April 20, 2016
Gianni Accamo 

By: Tanya Malhotra
A thief was arrested on a charge of theft after allegedly buying $700,000 worth of jewelry using monopoly money, police in the United Kingdom said.

Bristol police said that they have arrested 44-year-old Gianni Accamo, after being accused of switching money bags with fake cash after buying high-end jewelry and diamonds.

Accamo has been charged with conspiracy to commit fraud, making false representations and theft. The Bristol Crown Court heard that Accamo was behind three major jewelry heists, duping business people with fake cash.

The first heist unfolded after a group of thieves met with John Calleija, the owner of a high-end jewelry shop in London.

Calleija was told that an investor is looking to purchase five million euros in diamonds. Accamo then went to inspect the diamonds.

An agreement was reached at a hotel, where Calleija and a bodyguard use cash counting machines to authenticate the cash

When Calleija finished counting the notes, he turned around to put his machine away. That is when Accamo switched the money bags with monopoly cash.

Calleija only discovered that he was duped after Accamo left with the diamonds. Accamo managed to dupe two other diamond dealers with fake money.

In another incident, Accamo used real money to cover a stash of monopoly cash. The victim only realized that he was duped after Accamo left with the diamonds.