Event Brief
Aug 31, 2026 at 5:00 PM ET
Newport Beach jeweler sentenced to five years
By The BriefBrief
Prosecutors say Newport Beach jeweler Nelson Holdo took clients’ money but failed to deliver Rolexes, diamonds, and other jewelry they paid for. A court sentenced Holdo to five years in prison for the scheme, according to prosecutors.
WHO: Nelson Holdo
WHAT: Sentenced to five years in prison for allegedly cheating clients out of Rolexes, diamonds, and other jewelry after taking their payments.
WHEN: Reported Aug 31, 2026 at 4:16 PM ET
WHERE: Los Angeles, CA
WHY: Prosecutors said Holdo took clients’ money but never delivered the Rolexes, diamonds, and other jewelry they paid for.
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