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Glendale Heights man sentenced to 5 years for Glen Ellyn gold theft

Published: Tuesday, Sept. 10, 2013 5:25 p.m. CDT
(Photo provided)
Daniel Knaack

GLEN ELLYN – A Glendale Heights man was sentenced Sept. 9 to five years in prison after pleading guilty to stealing more than $100,000 in gold bars from a Glen Ellyn jewelry store, according to the DuPage County State's Attorney's Office.

Daniel Knaack, 52, of the 1300 block of Oakmont Drive, Glendale Heights, was a manager at Costello Jewelry in Naperville when the thefts occurred at the company's Glen Ellyn location, said Paul Darrah, spokesman for the DuPage County State's Attorney's Office.

As part of his job, Knaack would sometimes help at Costello Jewelry, 474 N. Main St., Glen Ellyn, where video surveillance recorded Knaack accessing a safe containing gold bars at inappropriate times, Darrah said.

Gold was discovered to be missing when the Glen Ellyn location underwent remodeling. When confronted, Knaack confessed to the thefts, according to Darrah.

Knaack was charged in April 2012 with theft between $100,000 and $500,000 for stealing 15 gold bars, pawning them and then depositing the cash into a personal account, he said.

While the exact value of the gold Knaack stole is unknown due to fluctuations in the gold market, the deposits he made into his account totaled more than $100,000, Darrah said.

Knaack worked at Costello Jewelry for 12 years, he said.

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