A jeweler scammed Los Angeles County and Orange County customers out of nearly $1.5 million through a scheme that promised them Rolex watches that never arrived, state prosecutors announced Wednesday, May 20.<\/p>\n
Nelson Andres Holdo was charged with 21 felony counts of grand theft and two felony counts of writing a fraudulent check, according to the California Department of Justice.<\/p>\n
Prosecutors alleged the crimes took place between September 2021 and January 2026 throughout Los Angeles and Orange counties. Holdo found buyers interested in Rolex models valued between $50,000 and $100,000 and convinced them to pay him up front with the promise they would receive the luxury watches within four to six weeks, state prosecutors said.<\/p>\n
But the watches never came, and Holdo made excuses to his buyers for weeks and months, prosecutors alleged. Eventually, when clients would ask for a refund, Holdo agreed but held onto the money, leaving most victims at a loss, according to the California Department of Justice.<\/p>\n
Prosecutors also accused Holdo of never paying a watch distributor who sold him high-end pieces, putting the distributor at a $400,000 loss.<\/p>\n","protected":false},"excerpt":{"rendered":"A jeweler scammed Los Angeles County and Orange County customers out of nearly $1.5 million through a scheme…\n","protected":false},"author":2,"featured_media":325180,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[163,165,164,7,723,138,3130,137,100,611,136],"class_list":["post-325179","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anaheim","tag-anaheim","tag-anaheim-headlines","tag-anaheim-news","tag-california","tag-crime","tag-crime-and-public-safety","tag-fraud","tag-los-angeles-county","tag-news","tag-orange-county","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/325179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=325179"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/325179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/325180"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=325179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=325179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=325179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}