Washington Parish businessman arrested for possession of stolen - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Washington Parish businessman arrested for possession of stolen property

Yancie Moseley (source: Washington Parish Sheriff's Dept.) Yancie Moseley (source: Washington Parish Sheriff's Dept.)
Danny Chain (source: Washington Parish Sheriff''s Dept.) Danny Chain (source: Washington Parish Sheriff''s Dept.)
WASHINGTON PARISH, LA (WVUE) -

The Washington Parish Sheriff's Office reports two recent arrests in connection with a burglary in St. Tammany Parish. 

In October, detectives in Washington Parish received information from the St. Tammany Parish Sheriff's Office that stolen items listed in a St. Tammany burglary were reported to be in Washington Parish.

The investigation led detectives to Danny Chain, 26, a resident of Highway 430.

Chain was arrested and placed in the Washington Parish Jail with his bond set at $20,150. 

He made bond and was released from jail a few days later. 

The investigation continued after Chain's arrest, this time focusing on stolen jewelry which was allegedly sold by Chain to a local gold business, Moseley Gold Buy.  

Detectives determined that the stolen items had been purchased by the owner of Moseley Gold Buy,  but had not been properly documented and receipted according to Louisiana law. 

In addition, the gold had been disposed of without the waiting period required by law.

Items purchased by Moseley Gold Buy included a Rolex watch valued at $10,000, a 14 karat gold chain valued at $20,000, a diamond ring valued at $12,000, and a law school graduation ring valued at $900.  

According to investigators, Moseley paid $1,900 for the stolen items.

$200 was paid by check and $1,700 was paid in cash.

Based on the results of the investigation, detectives obtained an arrest warrant for Yancie H. Moseley, Jr., 71, a resident of Poplar Hill Road.  

Moseley was placed in the Washington Parish Jail on November 20 and released the same day after posting a $7,500 cash bond.

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