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Rolexes and diamond rings: How a Newport Beach jeweler conned the wealthy

Posted on June 11, 2026
By Los Angeles Times
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1 min read

Rolexes and diamond rings: How a Newport Beach jeweler conned the wealthy

Clients trusted him with their special moments: engagements, weddings and anniversaries, or when they simply wished to treat themselves. But for some, when it came time to settle up, Nelson Holdo was full of excuses.