Jewellery boss faked customers for £170m scam

bbc.com

Jewellery boss Vashi Dominguez allegedly orchestrated a £170 million scam, instructing staff to pose as customers to deceive investors. The luxury retailer collapsed in 2023 with massive debts, leaving investors who lost everything when promised diamond stock was vastly overvalued. Authorities have not launched an investigation. Dominguez, described as charismatic, promoted his business with elaborate displays and falsified accounts, misleading experienced investors and customers.


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Jewellery boss faked customers for £170m scam | News Minimalist