Kenneth G. Rare Coins founder charged with diamond ring theft
Posted: Dec 17, 2011 1:45 AM EDT | Updated: Nov 6, 2014 2:55 PM EDT
MISHAWAKA, Ind. -- A Mishawaka businessman is facing some serious charges.
Forty-two-year-old Kenneth Gaipa owner of Kenneth G. Rare Coins was charged with theft in connection with a stolen diamond ring.
Police say Gaipa bought the ring for $350 from Bernard Batey, thousands of dollars below its appraisal value.
That ring was reported stolen in August. Gaipa was also charged with welfare and Medicaid fraud in a separate investigation.