New York City prosecutors charged one woman and two men in a failed scheme to "cheat investors by pretending to be members and representatives of the Guggenheim family," according to according to CBS News .
A criminal complaint, as reported by the Star Tribune, accuses the three of trying to sell $1 Billion diamonds to wealthy investors, and proposed a deal to "distribute vodka and another purportedly brokering $4 billion in crude oil for a Guggenheim-owned refinery in China," the complaint went on to say.
Prosecutors told CBS News that the woman accused of this imperonation remains at large, but the two men had a scheduled court date.
The three have been sued by Guggenheim Capital, who accused them of using the name without permission.
The Star Tribune reports that if the three are convicted of conspiracy, they could each face up to 20 years in prison.