Newark Man Charged with Armed Robbery of Area Jewelry Store; Bail Set at $250,000

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Crescent Jewelers, located on Main Street in Chatham, was robbed of approximately $75,000 worth of jewelry on July 28 in broad daylight  Credits: TAP Chatham
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MORRISTOWN, NJ - Newark resident Michael Reed was arrested and charged on Monday in Morris County Superior Court with the July 28 robbery of Chatham's Crescent Jewelers, where more than $75,000 worth of jewelry was reportedly taken at gunpoint.

Morris County Superior Court Judge Paul W. Armstrong set bail at $250,000. Two other suspects are still at large.

Reed, 46, was one of three males who entered the Chatham Borough store on Main Street, put a gun to the head of proprietor Joanne Prisco, duct-taped her and fled with bags full of jewelry. The three suspects fled in a gray or silver Jeep Cherokee.

After a search warrant of Reed's residence in Newark, where a gun and some of the jewelry was recovered, the convicted felon was charged by prosecutors with armed robbery, burglary, theft, criminal restraint, and possession of a weapon in relation to a crime.

 

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