Ralph O. Esmerian Pleads Guilty to Fraud

Former owner of Fred Leighton Jewelry, Ralph Esmerian, on February 19, 2007.  (Photo by Marsaili McGrath/Getty Images)

The former owner of Fred Leighton pled guilty to bankruptcy fraud and other crimes Friday in a U.S. District Court in New York.

Ralph O. Esmerian pled guilty to a three-count indictment charging him with wire fraud, bankruptcy fraud and concealment of assets before U.S.