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Gilberto Nieves

Gilberto Nieves, 38, a watchmaker for Victorinox Swiss Army, has been charged with stealing more than $1 million worth of timepieces.

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Suspect in theft of $1M in watches out on bail

Updated: Thursday, 25 Oct 2012, 6:20 AM EDT
Published : Thursday, 25 Oct 2012, 6:20 AM EDT

BRIDGEPORT, Conn. (AP) — A former watchmaker accused of being a key participant in the theft of more than $1 million in watches from the Victorinox Swiss Army Co. has been released from prison on $75,000 bond.

The Connecticut Post reports that Gilberto Nieves posted the bond on Wednesday at Bridgeport Correctional Center.

Prosecutors say the 38-year-old Nieves of Stratford was the central figure in the thefts. His lawyer says he has no previous felony convictions and is supported by family and friends.

Nieves, who worked for Victorinox for more than 14 years, was arrested last month and charged with first-degree larceny and conspiracy to commit first-degree larceny.

Police say that from 2010 to 2012, Nieves stole more than 600 watches valued at more than $1 million from the Monroe company.

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Information from: Connecticut Post

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