21 Hrs
Source:
Los Angeles Times
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Newport Beach jeweler sentenced to five years for fraud
A Newport Beach jeweler has been sentenced to five years in state prison after pleading guilty to stealing over $1.7 million worth of jewelry, including Rolex watches and diamonds, from clients. The 66-year-old suspect, Nelson Holdo, admitted to three felony counts of theft, with dozens of related charges dismissed as part of a plea agreement. Prosecutors allege he took client funds without delivering purchased items or provided excuses for delayed shipments, causing significant financial harm to his victims.
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