Ex-Reserve Deputy Stole Diamond From Couple, FBI Says

A former reserve deputy with the Los Angeles County Sheriff’s Department was charged with mail fraud after he allegedly stole a diamond that he was supposed to have sold for a Texas couple, the FBI said Wednesday night.

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Reserve Deputy Billy Lulo has been fired over alleged diamond theft. (Photos via Facebook)

Billy Lulo, 47, a veteran reserve officer was fired by the department Wednesday after he was arrested by federal agents in connection with the theft of the diamond, which was valued $500,000 to $1 million, according to authorities.

Public records show that Lulo owns a jewelry store called Global Rings on Hill Street in Los Angeles’ Jewelry District.

He could not be reached Wednesday night for comment.

Click here to read the full story at LATimes.com.

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