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Milwaukee man charged with trying to sell items bought with embezzled money

A court gavel
A court gavel

MILWAUKEE (WTAQ) - A Milwaukee man faces nine federal charges, for trying to sell expensive jewelry and artwork that former business executive Sue Sachdeva bought with money she embezzled.

Tony Chakonas was indicted this week by a federal grand jury on charges of mail and wire fraud, and transporting stolen goods across state lines.

In 2011, Chakonas and another man were charged with trying to sell the Sachdeva jewelry at an auction house in Chicago. Those charges were dropped.

The new charges allege that Chakonas transported 17 pieces of Asian artwork and 14 jewelry items on two separate occasions since 2009 – and the auction house paid him $20,000.

Sachdeva was sent to federal prison for 11 years after she embezzled $34 million from Milwaukee’s Koss Corporation. Authorities said she failed to list all of her assets as required in a plea agreement – and a jewelry store where Chakonas worked had held onto 11 jewelry items she bought worth almost a quarter-million dollars.

Last year, Sachdeva associate Adam Bruback was sentenced to six months in prison, after he admitted stealing items that Sachdeva bought with the stolen money. The government tried to sell as many of those items as possible, to help Koss recover the money it lost.