Defendants Staged Burglary of Diamond District Jewelry Office to Collect Insurance Payment Manhattan District Attorney Cyrus R. Vance, Jr., today announced the convictions of two jewelry wholesalers for staging a gunpoint robbery of their office in order to collect an insurance payment of $7 million. Following a bench trial before Justice Thomas Farber, ATUL SHAH, 49, and MAHAVEER KANKARIYA, 44, were found guilty of Insurance Fraud in the First Degree, Attempted Grand Larceny in the First Degree, and Falsifying Business Records in the First Degree. "In a desperate gamble, the defendants devised an elaborate scheme involving disguises, a staged burglary and insurance fraud to escape their financial troubles," District Attorney Vance said. "Thanks to the quick work of our Office and the NYPD, it is clear that crime does not pay."