Katy jewelry store owner sentenced in wire fraud scheme

Just after serving a 27-month sentence in federal jail, the man will be underneath supervised launch for one more a few a long time.

KATY, Texas — A Katy jewelry keep proprietor on Friday was sentenced to 27 months in federal jail after he was convicted of a dollars advance wire fraud scheme, according to the US Section of Justice.

Santiago Mora, 40, of Katy pleaded guilty to wire fraud costs on March 3. 

Linked: Miami FBI agents arrest Katy jeweler accused of swindling hundreds of 1000’s of dollars from consumers

Prosecutors say Mora, a co-owner of Alku Modern day Jewelers in Katy, acquired a complete of $500,00 in service provider cash advancements employing his organization partner’s great credit rating in an effort and hard work to pay back a client for a pre-compensated $3.9 million Rolex watch that was under no circumstances sent.

They claimed Mora experienced admitted to his company companion that he experienced applied his partner’s id to get the money innovations.

Mora was taken into custody in Miami, Florida, in June 2021 following he did not exhibit up to court, in accordance to the DOJ.

Just after serving his 27-month sentence, Mora will be beneath supervised launch for a further a few years.

Connected: Man statements he paid for engagement ring that Katy jewelry keep won’t enable him have

In May possibly 2021, we told you the story of John Holden, who explained he compensated cash upfront at the jewellery retail store for an engagement ring that was meant to be all set two weeks afterwards.

“After that, they form of ghosted me. Give up answering texts,” Holden mentioned. “It was a person thing after yet another.”

Holden under no circumstances got the ring, spoiling his approach to suggest to his girlfriend. When he went back to the retail store, an eviction observe was on the entrance doorway.

Right after our report aired, much more victims came ahead boasting they have been swindled by Mora. 

Observe collector Nick Taijan mentioned he paid out Mora $26,300 very last Oct for two exceptional watches he under no circumstances bought.

“Rolex Daytona white dial and black dial,” Tajain said. “They’re really tough watches to get.”

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