Frank Alvarado, 43, of Chicago, has pleaded guilty before U.S. Senior District Judge William Skretny to trafficking in counterfeit goods.
U.S. Attorney William J. Hochul, Jr., said Alvarado faces a prison term of up to 10 years and a fine of up to $2 million when he is sentenced Aug. 10. Assistant U.S. Attorney Kathleen A. Lynch said on July 17, 2013 Alvarado showed up at an Amherst jewelry store and offered what proved to be a counterfeit “pre-owned” Rolex watch for sale. He had identification and a social security card and a local address and phone number.
The jeweler examined the watch and paid Alvarado $2,200 by check which the suspect immediately cashed at a nearby bank, Lynch said. In later examining the watch an expert at Rolex Watch, U.S.A., determined it had a counterfeit Rolex “Crown Device” mark and its movement was not that of a watch manufactured by Rolex, she said.